Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.

The figure above shows the demand curve, marginal revenue curve, and marginal cost curve. The deadweight loss when the market has a monopoly producer is

A) ace. B) abf. C) bcd. D) bcef. E) acd.

As we move down a linear demand curve, the absolute value of the price elasticity of demand:

A) increases. B) stays the same. C) decreases. D) cannot be determined without more information.