Which of the following choices is not considered a "cost" of doing business?         Tasty Soup Company increased the production of chicken noodle soup, which forced the company to decrease the production of tomato soup.         Tasty Soup Company was forced to hire more workers to keep up with the demand for its products.         Tasty Soup Company earned more profits this year from a new product.         Tasty Soup Company introduced a new soup, which forced the company to discontinue the production of an older soup.

Q27

The table below lists Bruno's Custom Bike Shop's costs and revenue for the month of May: Bike Parts: $5,000 Shop Rent: $1,000 Large Print Sign Advertisements: $ 50 Electric Bill: $150 Total Bike Sales: $9,000 Based on this information, determine Bruno's Custom Bike Shop's accounting profit for the month of May.

Lesson 5.4 - Industry Adjustments to Increases in Demand 1. In a/an industry, an increase in demand will result in a new equilibrium price equal to the original equilibrium price (before demand increased). This results in a long-run supply curve that is 2. In a/an industry, an increase in demand will result in a new equilibrium price higher than the original equilibrium price (before demand increased). This results in a long-run supply curve that is sloping. 3. In a/an. industry, an increase in demand will result in a new equilibrium price lower than the original equilibrium price (before demand increased). This results in a long-run supply curve that is sloping.