One of the strongest reasons that oligopolies exist is due to

Explain why deflation could prevent people from being able to repay their debts

What will be an ideal response?

Helen's Honey Hut supplies 20 jars of honey per week when the price of honey is $6 per jar and supplies 30 jars per week when the price of is $8 per jar, so the price elasticity of supply over this price range is 1.4

a. True b. False Indicate whether the statement is true or false