Buddy bought a bond last year for $10,000. His bond pays $1,000 a year. This year a bond that sells for $10,000 pays $900 a year. If Buddy were to sell his (old) bond, its price would be approximately

Suppose the demand function for a good is expressed as Q = 100 - 4p. If the good currently sells for $10, then the point price elasticity of demand equals

A) -1.5. B) -0.67. C) -4. D) -2.5.

The monopolist's demand curve is:

a. identical to the market demand curve. b. identical to the marginal revenue curve. c. below the marginal revenue curve. d. a horizontal line at the market price. e. a U-shaped curve.