Homework Clinic
Social Science Clinic => Economics => Topic started by: D2AR0N on Jun 29, 2018
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Which of the following will shift today's supply curve to the right?
A) Input prices rise.
B) Sales taxes increase.
C) Prices are expected to be higher in the future.
D) Prices are expected to be lower in the future.
Question 2
If the four-firm concentration ratio for an industry is 84 percent, then
A) each of the firms account for 21 percent of total sales.
B) the four largest firms in the industry account for 16 percent of the total sales.
C) the four largest firms in the industry account for 84 percent of the total sales.
D) the remaining firms in the industry accounts for 84 percent of the total sales.
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Answer to Question 1
D
Answer to Question 2
C