Given linear demand curves, if demand increases and supply decreases, then __________.

If a monopoly’s fixed costs increase, its price will _____, and its profit will _____.

In the goods market, firms ________ and households ________.

___________ means producing the desired result.

Firms ________ in output markets and ________ in input markets.

In the graph above, the point d represents values resulting in ____________.

The increase in total revenue resulting from a one-unit increase in sales is _____.

An industry where input prices decrease (and cost curves rise) as industry output rises is called increasing-cost industry.

An industry where input prices fall (and cost curves fall) as industry output rises, decreasing-cost industry.

An industry where input prices (and cost curves) _____ as industry output changes is a constant-cost industry.

Total revenue divided by the number of units sold is _____.