Refer to Table 6-6. Based on the data in the table, between a price of $9.99 and $14.99, the price elasticity of demand for books is

Assume someone organizes all farms in the nation into a monopoly. Which of the following occurs? i. Consumer surplus decreases. ii. Economic profit increases. iii. A deadweight loss is created

A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii

Which of the following decades was characterized by the highest inflation rate in the U.S.?

a. 1920s b. 1930s c. 1950s d. 1970s e. 1960s