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José Enjoys Sports, Especially Running

question 8

Multiple Choice

José enjoys sports, especially running. As an adolescent, he has the potential to become a star athlete. Which pair of influences will be MOST beneficial to him in reaching his full potential?


Definitions:

Supply Curve

A graph showing the relationship between the price of a good and the quantity of the good that suppliers are willing to offer for sale.

Constant Cost Industry

An industry in which the input prices and the costs of production do not change as the industry's output changes.

Downward Sloping

Describes a curve or line on a graph that shows a decrease in one variable as another variable increases, typical of demand curves in economics.

Aluminum Cans

Containers made from aluminum used for packaging beverages and food items.

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