In the ordered pair (5, 3), 3 is the

The slope and location of the demand curve depend on:

A) the number of buyers. B) production costs. C) the number of producers. D) all of the above.

Public choice analysis indicates

a. most income transfers will be directed toward the poor. b. rent-seeking activities will improve the efficiency of resource allocation and promote economic growth. c. rent seeking will be less attractive if the nation's legal (or constitutional) structure makes it difficult to use the political process to take the property or income of others. d. politicians will consistently oppose programs favored by rent seekers if those programs reduce the welfare of society.