If there are only a few producers of substitutes for Good X, a merger between producers of Good X and any one of them could significantly _____ for Good X.
a. decrease the elasticity of demand.
b. increase the elasticity of supply.
c. decrease the elasticity of supply.
d. increase the elasticity of demand.
Question 2
Why do the perfectly competitive firms earn only normal profits in the long run?
a. Entry or exit is barred
b. Firms produce identical products
c. A large number of buyers and sellers exist in the market
d. Aggregate demand remains constant
e. There is free entry and exit of firms
The paper test involves holding a piece of paper near the tailpipe of an idling engine. A good ...
A typical good oxygen sensor waveform as displayed on a digital storage oscilloscope. Look for ...
To help make good electrical contact with the terminals without doing any harm, select the ...
Good ethical judgment comes from both learning and experience.
Avocados are a good source of pantothenic acid, dietary fiber, vitamin K
Nuts are also a good source of B group vitamins (including folate), and vitamin E