The above figures show the market for HD televisions. Blu-ray players can be used to play HD movies. If the price of Blu-ray players falls, then which figure shows the effect of this change in the market for HD televisions?

It is very difficult for Gourmet Chocolatier to find inexpensive and available inputs for the business. Because of this, we predict that Gourmet Chocolatier's supply to be

A) inelastic. B) perfectly elastic. C) elastic. D) unit elastic. E) nonexistent.

The total government expenditure multiplier is less than one because

A) government expenses affect labor demand. B) labor supply reacts to interest rate changes and consumption demand is affected by taxes. C) investment demand falls dramatically when the government goes into debt. D) the marginal propensity to consume is less than one.