Using the data in the above table, if income is on the x-axis and the amount spent on restaurant meals is on the y-axis, the slope of the straight line graph equals

If an average cost pricing rule is imposed on the natural monopoly shown in the figure above, then the price will be

A) $2. B) $4. C) $5. D) $6.

Which of the following would result from a tariff?

a. An increase in government budget deficit b. An increase in domestic production c. A greater volume of international trade d. Increased domestic consumption e. Decrease in prices of the imported goods