As the price of a good increases, the marginal utility per dollar spent on that good will also increase

The shortage created by a rent ceiling below the equilibrium rent is smallest when the demand for housing is ________ and the supply of housing is ________

A) elastic; elastic B) elastic; inelastic C) inelastic; elastic D) inelastic; inelastic E) unit elastic; unit elastic

If price is determined as a multiple of costs, then a firm is using

A) cost plus pricing. B) product line extension pricing. C) peak-load pricing. D) marginal cost pricing.