If the market for hula-hoops is characterized by a very inelastic supply curve and a very elastic demand curve, an inward shift in the supply curve would be reflected primarily in the form of

a. higher prices.
b. higher output.
c. lower prices.
d. lower output.


d

Economics

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A ________ monopoly is a market structure in which a monopoly producer sells to a monopoly distributor.

A) successive B) double C) dual D) two-stage

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Which of the following helps determine the growth rate of potential GDP? I. capital accumulation II. technology advances III. growth in the quantity of money

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