The quantity supplied of a good
a. is the amount that sellers would provide if the firms faced no constraints
b. is the amount that sellers would provide if input prices were zero
c. must match the amount actually purchased in the market
d. is a fixed amount unaffected by the sellers' circumstances
e. is subject to the constraints imposed by technology and input prices
E
Economics
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A horizontal demand curve is perfectly elastic
a. True b. False Indicate whether the statement is true or false
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The closer a market's Herfindahl-Hirschman Index (HHI) is to ________ the less competitive the market, which means there are ________ firms in the market.
A) 100; many B) 10,000; many C) 10,000; few D) 100; few
Economics