Under perfect competition, a perfectly inelastic supply function implies that: (a) Prices are determined by demand curve. (b) Quantities are fixed by demand curve. (c) Prices are fixed by supply curve. (d) Prices and quantities depend on supply and demand curve.Consider the followingtable: Elastic'rtiesa 3.72 Isolated Power 4.530 0.000 0.69 E ' 2.506 0.002 0.01 Which of the following statements is true concerning elasticities for batting average? [a] As batting average improves by 1%, salary improves by 3.72%. [b] As salary increases by 1%, batting average improves by 3.72%. [c] As batting average improves by 1 unit, salary increases by $3.72. [d] As salary increases by $1, batting average improves by 3.72 units