Which of the following represents the best example of a price ceiling?

If real disposable income increases, the average propensity to save will

A) decrease. B) increase. C) remain constant. D) initially increase, and then decrease.

If the price elasticity of demand within the price range $1 and $1.25 for carrots is 0.79 and for radishes is 1.6, then, within that price range

a. carrots are more price elastic than radishes b. radishes are more price elastic than carrots c. carrots and radishes must be substitute goods d. carrots and radishes must be complementary goods e. both carrots and radishes are price elastic