Multiple Choice
In the very short run
A) new firms may enter the industry.
B) existing firms may change the quantity they are supplying.
C) price and quantity supplied is absolutely fixed.
D) quantity supplied is absolutely fixed.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q14: In the short run,specific taxes on a
Q15: Per-unit transaction costs<br>A)may cause the demand and
Q16: Suppose demand for a good is Q<sub>D</sub>
Q17: Suppose there are 100 firms each with
Q18: The short-run market supply curve is<br>A)the horizontal
Q20: Suppose demand for a good is Q<sub>D</sub>=
Q21: Long-run elasticity of supply is defined as<br>A)percentage
Q22: The excess burden of a tax is<br>A)the
Q23: Suppose there are 100 firms each
Q24: Suppose domestic beef producers face demand of