A decrease in money supply causes the real interest rate to ________ and the price level to ________ in general equilibrium

Which of the following would be considered leisure?

a. picking strawberries for your own use b. running a 10-mile training session c. studying for a college mathematics class d. changing the oil and oil filter on your car e. weeding your garden

If the market elasticity of demand for potatoes is -0.3 in a perfectly competitive market, then the individual farmer's elasticity of demand

a. will also be -0.3. b. depends on how large a crop the farmer produces. c. will range between -0.3 and -1.0. d. will be infinite.