If the price of a good decreases from $9 to $6 and the quantity supplied decreases from 1,500 to 1,300, using the midpoint formula the elasticity of supply equals

The farther the Lorenz curve from the line of perfect equality, the lower is the income inequality

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

Studies have found which of the following economic terms mentioned most often in U.S. newspapers?

a. Unemployment b. Productivity c. Inflation d. Monetary policy