In Figure 5.3, the most elastic supply curve:

For cities that provide snow removal, which of the following is a fixed cost?

a. gasoline for snow plows b. wages for snow plow drivers c. purchase of snow removal equipment d. purchase of salt or other substances used to melt snow

The tendency for the poorest risks to buy health insurance and the tendency of the insured to take more risks with their health are known as moral hazard and adverse selection, respectively

a. True b. False