As the price of capital falls, the quantity of capital that producers are willing and able to offer falls

The GDP of Country X and Country Y were found to be equal in a particular year. However, the income per capita of Country X was higher than the income per capita of Country Y. This implies that ________

A) the population of Country X is higher than the population of Country Y B) the number of workers in country X is higher than the number of workers in Country Y C) the population of Country X is lower than the population of Country Y D) the number of workers in country X is lower than the number of workers in Country Y

Price elasticities tend to be higher, the greater the number of substitutes

Indicate whether the statement is true or false