Money is any item that is widely used and freely accepted as payment for goods and services.

A price-discriminating monopolist will tend to charge a higher price to senior citizens if it believes that senior citizens: a. have a lower willingness to pay than other demanders. b. have a greater willingness to pay than other demanders. c. have very elastic demand curves

d. have horizontal demand curves.

If the demand for opera singers increases faster than the supply, wages will rise

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