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.
A
Economics
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In economics, the term "free market" refers to a market where products are traded but not sold
Indicate whether the statement is true or false
Economics
In order for a production possibilities curve to shift to the right, which of the following must occur?
A) government involvement B) increasing consumer wants C) economic growth D) reductions in the supply of resources
Economics