When income increases, the demand curve for an inferior good

As a fishing firm hires its first, second, and third workers, it could find that marginal product actually rises. The reason for this is:

a. diminishing returns have set in. b. the division of labor creates greater productivity. c. the firm has hired another boat. d. all tasks are shared by all workers. e. less qualified workers are becoming available.

The flatter the slope of the supply curve the lower will be the price elasticity of supply

Indicate whether the statement is true or false