Refer to the table and graph. Suppose that the price of X falls from $2 to $1, while the price of Y remains at $4. Which of the following represents the demand curve for X if the consumer has money income of $10 to spend on X and Y?

Research shows that prices tend to remain sticky for a longer period of time

A) in the manufacturing sector than in the service sector. B) in the service sector than in the manufacturing sector. C) in Western Europe than in the United States. D) in the United States than in Western Europe.

Refer to Common Property I. Suppose the common property becomes privately owned. The owner behaves competitively and charges people an entrance fee for the right to use the property. The fee will be

The following questions refer to the accompanying diagram, which shows the benefits and costs associated with the use of a common property.

a. P1.
b. P2.
c. P2 - P1.
d. zero.