The figure above shows a monopoly firm's demand curve. If the price and quantity of haircuts move from point t to point r, the monopoly's

Bud opened a flower shop. He rented a building for $9,000 a year. To buy equipment for the store, he withdrew $10,000 from his savings account, which earned an annual interest rate of 3 percent

During the first year of operation, Bud paid $4,000 for utilities and $12,000 to his suppliers. The store's total annual revenue was $55,000. The market value of the store's equipment at the end of the year was $8,000. If Bud had not started this business, he would have continued to work as an employee at another flower shop for $30,000 a year. During the first year of operation, Bud A) received an economic profit of $30,000. B) received an economic profit of $20,000. C) incurred an economic loss of $2,300 D) incurred an economic loss of $12,300

Refer to the diagram. If line (c) represents the distribution of income in 1975 in the United States, we would expect the distribution of income for 2011 to be more like:

A.  line (a).
B.  line (b).
C.  line (c).
D.  line (d).