Which of the following is ALWAYS true when a single-price monopolist maximizes its profit?

During recessions, government expenditure automatically

A) rises because of programs such as unemployment insurance and Medicaid. B) falls because of programs such as unemployment insurance and Medicaid. C) falls because of the progressive income tax system. D) rises because of the progressive income tax system.

If the demand curve for a product shifts to the left and the supply curve for the product shifts to the left, the equilibrium quantity will decrease

Indicate whether the statement is true or false