If real estate prices are expected to drop, all else equal, the demand for bonds ________ and the interest rate_______

Refer to Figure 5-2. The size of marginal external costs can be determined by

A) S2 + S1 at each output level. B) the supply curve S1. C) the supply curve S2. D) S2 - S1 at each output level.

If the supply of a good is inelastic, a decrease in price must increase total revenue

a. True b. False Indicate whether the statement is true or false