Refer to the graph shown. The segment of the demand curve between the initial equilibrium price of $5.00 and the new equilibrium price of $3.00 is:

What is always true at the quantity at which average total cost equals average revenue?

a. economic profit is zero b. marginal cost equals marginal revenue c. economic profit is maximized d. revenue is maximized e. cost is minimized

Inflation psychosis and wage-price spirals are two types of hyperinflation

a. True b. False Indicate whether the statement is true or false