An 36 percent increase in the price of small cars results in a 20 percent increase in the quantity supplied. The supply elasticity in this range equals ________

If U.S. consumers become more optimistic about their future income and wealth, the consumption function will shift upward

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

Refer to the above figure. At a price of two cents, the quantity of bubble gum demanded will be

A. 4. B. 3. C. 2. D. 5.