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Author Question: Suppose there are 100 identical firms in the rag industry, and each firm is willing to supply 10 ... (Read 51 times)

audie

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Suppose there are 100 identical firms in the rag industry, and each firm is willing to supply 10 rags at any price. The market supply curve will be a
 
  A) vertical line where Q = 10.
  B) vertical line where Q = 100.
  C) vertical line where Q = 1000.
  D) horizontal line where Q = 1000.

Question 2

Supply curves
 
  A) slope upward.
  B) slope downward.
  C) are horizontal.
  D) can have many shapes.


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kaylee05

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audie

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


patma1981

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Reply 3 on: Yesterday
Gracias!

 

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