The attempt to capture consumer surplus, producer surplus, or economic profit is called ________

If the cross-price elasticity of demand between two products is positive, we can conclude that the two products are substitutes

Indicate whether the statement is true or false

Consternation Corporation has an agreement with its workers to index completely the wage of its employees using the CPI. Consternation Corporation currently pays its production line workers $7.50 an hour and is scheduled to index their wages today. If the CPI is currently 130 and was 125 a year ago, the firm should increase the hourly wages of its workers by

a. $0.04. b. $0.29. c. $0.30. d. $0.50.