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
onions taste good
A typical good oxygen sensor waveform as displayed on a digital storage oscilloscope. Look for ...
A good posture for practicing meditation is seated in a chair with the back upright and in ...
A variety of sugar substitutes is available to the consumer
Humburger is a good source of niacin , vitamin B6 and pantothenic acid
potatoes as a very good source of vitamin B6