Author Question: The relationship between price and quantity supplied after firms fully adjust to any short-term ... (Read 57 times)

bclement10

  • Hero Member
  • *****
  • Posts: 560
The relationship between price and quantity supplied after firms fully adjust to any short-term economic profit or loss resulting from a change in demand is illustrated by the
 a. long-run industry supply curve
  b. Dutch auction model
  c. short-run firm supply curve
  d. constant-cost industry supply curve
  e. short-run industry supply curve

Question 2

In economics, products are considered differentiated only if
 a. they are physically or chemically different
  b. sellers decide that they are different
  c. buyers think that they are different
  d. the government determines that they are different
  e. they are produced by different firms



polinasid

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

A

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

For a complete list of videos, visit our video library