This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The supply of any good is likely to be inelastic when A) consumers have few good substitutes for ... (Read 34 times)

genevieve1028

  • Hero Member
  • *****
  • Posts: 601
on: Jun 29, 2018
The supply of any good is likely to be inelastic when
 
  A) consumers have few good substitutes for it.
  B) it is a manufactured good rather than an agricultural good.
  C) it can be produced at low cost.
  D) there are very many producers of the good.
  E) very little time elapses between the change in price and the change in quantity supplied.

Question 2

The competition faced by firms in an oligopoly with differentiated products is higher than that faced by firm(s) in ________.
 
  A) a duopoly with homogeneous products
  B) perfect competition
  C) monopolistic competition
  D) monopoly


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

LVPMS

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

E

Answer to Question 2

D


genevieve1028

  • Member
  • Posts: 601
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Zebsrer

  • Member
  • Posts: 284
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th
Myocardial Oxygen supply and demand Myocardial Oxygen supply and demand
Connect a fused jumper wire to supply 12 volts to terminal 86 and a ground to terminal 85 of the ... Connect a fused jumper wire to supply 12 volts to terminal 86 and a ground to terminal 85 of the ...
Almonds and other nuts are also good sources of protein Almonds and other nuts are also good sources of protein
Dried fruits are good source of sulfur Dried fruits are good source of sulfur
Look at Table 4.2.2. Consumers learn that the rubber ducks wear out batteries quickly. As a ... Look at Table 4.2.2. Consumers learn that the rubber ducks wear out batteries quickly. As a ...
Video: Gastroesophageal Reflux Disease (GERD)

For a complete list of videos, visit our video library