Bob plans to spend $60 per month on DVD movie rentals and CDs. The price of a movie rental is $3 and the price of a CD is $15. If Bob rents 5 DVDs per month, how many CDs can he buy?

An import quota will make the supply curve for the imported good

A) perfectly inelastic. B) perfectly elastic. C) unitary elastic. D) negatively sloped.

What kind of a payment provision should a contract governing a principal/agent relationship contain?