In the above figure, flow B represents households' ________

Suppose the demand for peaches sold from one roadside stand in Georgia is perfectly elastic. As a result, a 7 percent increase in the price charged by the owner of this stand leads to

A) zero peaches sold by this stand. B) no change in the quantity demanded at this stand. C) a 7 percent decrease in the quantity demanded at this stand. D) a 7 percent decrease in demand at this stand. E) a virtually infinite increase in the quantity demanded at this stand.

As a monopolist increases the quantity of output it sells, the price consumers are willing to pay for the good

a. is unaffected. b. decreases. c. increases. d. There is not enough information given in answer the question.