Refer to the information provided in Figure 13.4 below to answer the question(s) that follow.  Figure 13.4Refer to Figure 13.4. The ________ level of output for this monopolist is 22 units of output.

Other things being equal, the longer a price change persists

A) the less is the elasticity of demand. B) the less chance a consumer will be able to adjust. C) the more the consumer will be willing to pay. D) the greater is the elasticity of demand.

If labor productivity increases

A) labor costs rise by equal increments. B) the demand for labor increases. C) some workers will be laid off. D) jobs will relocate.