The above figure shows a motel engaged in monopolistic competition with other motels. The equilibrium quantity at this motel is ________ rooms per day

Lattes at Starbucks are allocated to individuals in society through what type of method?

A) lottery B) contest C) sharing equally D) market price E) personal characteristics

Economists speak of price elasticity of demand. Which word below is synonymous with "elasticity"?

A) Futility B) Sensitivity C) Relativity D) Serendipity