Exhibit 1A-8 Straight line relationship
According to the Exhibit 1A-8, the relationship between the price and quantity purchased of pizza is:

A shortage means that the quantity demanded is greater than the quantity supplied at the prevailing price

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

Many movie theaters allow discount tickets to be sold to senior citizens because

a. senior-citizen laws mandate such discounts. b. goodwill efforts earn community respect and win loyal patrons. c. the theaters are profit maximizers. d. senior citizens lobby city councils for lower prices.