The supply of known Monet paintings is:

The cross-price elasticity of demand between milk and soft drinks is likely to be

a. negative because the goods are complements b. positive because the goods are complements c. negative because the goods are substitutes d. positive because the goods are substitutes e. 0 because the goods are not usually consumed by the same person at one time

Refer to the information provided in Figure 12.5 below to answer the question(s) that follow.  Figure 12.5  Refer to Figure 12.5. A firm produces hula hoops in a perfectly competitive market and currently produces and sells 100 per week. At this production quantity of 100 per week, society would be best served

A. if the price remained at $10 per hula hoop. B. if the price was higher than $10 per hula hoop. C. if the price was lower than $10 per hula hoop. D. Society cannot be best served at a production quantity of 100, regardless of the price per hula hoop.