The above figure shows the long-run expansion path. The long-run average cost curve will be

If the quantity demanded for a product exceeds the quantity supplied, the market price will rise until

A) the quantity demanded equals the quantity supplied. The product will then no longer be scarce. B) quantity demanded equals quantity supplied. The market price will then equal the equilibrium price. C) only wealthy consumers will be able to afford the product. D) quantity demanded equals quantity supplied. The equilibrium price will then be greater than the market price.

Over the past several decades in the United States, the labor-force participation rate of women has increased and the labor-force participation rate of men had decreased

a. True b. False Indicate whether the statement is true or false