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Author Question: If a good is produced using inputs for which there are no substitutes, the good's A) elasticity ... (Read 56 times)

clmills979

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on: Jun 29, 2018
If a good is produced using inputs for which there are no substitutes, the good's
 
  A) elasticity of supply is likely to be small.
  B) elasticity of supply is likely to be large.
  C) elasticity of demand will be small.
  D) elasticity of demand will be large.

Question 2

The table above shows sales of the firms in the chocolate industry. The Herfindahl-Hirschman Index in the industry is
 
  A) 1346.
  B) 896.
  C) 1160.
  D) 2588.


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thall411

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


clmills979

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

tandmlomax84

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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