A curve that shows the quantity of a good or service supplied at various prices after all long-run adjustments to a price change have been completed is a long-run _____ curve.

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A long-run industry supply curve shows the quantity of a good or service supplied at various prices after all long-run adjustments to a price change have been completed. This includes adjustments such as changes in the number of firms in the industry, changes in technology, and changes in resource prices. Marginal revenue and marginal cost curves relate to the behavior of individual firms, while a production curve shows the quantity of output produced at various levels of input.

A Curve That Shows the Quantity of a Good or Service