If at a price of $10, a vendor sells 5 units of a product and at a price of $8, 6 units are sold, then, using the midpoint formula, the demand for this good is inelastic

In the period from 1929 through 1933, there were successive ________ in aggregate demand and ________ in short-run aggregate supply

A) increases; decreases B) decreases; increases C) decreases; no change D) increases; increases

If Fred's marginal rate of substitution of salad for pizza equals 5, then

A) he would give up 5 pizzas to get the next salad. B) he would give up 5 salads to get the next pizza. C) he will eat five times as much pizza as salad. D) he will eat five times as much salad as pizza.