A change in government spending has a larger effect on income the

The above figure shows the market demand curve for telecommunication while driving one's car (time spent on the car phone). The current price is 35¢ per minute. If the price were to increase by ten cents per minute, consumer surplus would

A) fall to $820. B) fall by $84. C) fall by $58. D) fall to $369.

Most of the Fed's assets are held in the form of loans to its member banks

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