Author Question: If a good is produced using inputs for which there are no substitutes, the good's A) elasticity ... (Read 44 times)

clmills979 · **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.