Which of the following is used to illustrate an independent relationship between two variables?

Would you expect the cross-price elasticity of demand between ham and turkey to be positive or negative? Why?

What will be an ideal response?

The existence of a deadweight loss associated with a monopoly can be seen because

A) consumers are willing to pay more for the last unit of output than it costs to produce. B) the cost of the last unit produced is more than consumers are willing to pay for it. C) the producer surplus is larger than in a competitive market. D) None of the above.