Use the Following to Answer Questions

question 7

Multiple Choice

Use the following to answer questions :
Exhibit: Short Run to Long Run
-(Exhibit: Short Run to Long Run) Based on the graph, if the economy starts from a short-term equilibrium at A, then the long-run equilibrium will be at ____ with a _____ price level.

• A) B; higher
• B) B; lower
• C) C; higher
• D) C; lower

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Definitions:

On-demand CRM

Customer Relationship Management software delivered as a service over the internet, allowing immediate access without the need for installation or maintenance.

Salesforce

A cloud-based software company known for its customer relationship management (CRM) product and other enterprise applications focused on customer service, marketing automation, analytics, and application development.

Open-source CRM

Customer Relationship Management software with source code that is freely available for modification and redistribution, aiming to help businesses manage interactions with customers and potential customers.

Mobile

Pertaining to devices, services, or technology that are designed for use while being moved or during travel, commonly associated with smartphones and tablets.