If price increases 6% and the quantity exchanged decreases 6%, what does that tell us about the elasticity of supply?
a. It tells us nothing about the elasticity of supply.
b. Supply is elastic

An increase in the supply of bonds generates

A) an increase in both the interest rate and the exchange rate. B) a decrease in both the interest rate and the exchange rate. C) an increase in the interest rate and a decrease in the exchange rate. D) a decrease in the interest rate and an increase in the exchange rate.

Refer to Table 4-2. The table above lists the highest prices five consumers are willing to pay for a theater ticket. If the price of one ticket is $25

A) no one will buy a ticket. B) Anya's consumer surplus is $1. C) everyone will buy a ticket. D) consumer surplus will be maximized.