As the amount of inventories maintained by a firm increases: ...

[Yolanda]

As the amount of inventories maintained by a firm increases:
 
  A) its elasticity of supply increases.
  B) its elasticity of supply decreases.
  C) the elasticity of demand for its product increases.
  D) the elasticity of demand for its product decreases.

Question 2

A market structure in which there is no competition is referred to as ________.
 
  A) a monopoly
  B) an oligopoly
  C) a monopsony
  D) monopolistic competition

[gasdhashg]

Answer to Question 1

A

Answer to Question 2

A

[Yolanda]

Great answer, keep it coming

[raili21]

Thanks for the timely response, appreciate it