For a given decrease in supply, the condition of demand that will result in the most significant change in price is when demand is

A zone of peace refers to the idea that democracies

a. rarely go to war with each other. b. do not attack their immediate neighbors. c. maintain peace through heavily armed protection of their borders. d. are clearly more peaceful than any other states.

When regulators use a marginal-cost pricing strategy to regulate a natural monopoly, the regulated monopoly

a. will experience a loss. b. will experience a price below average total cost. c. may rely on a government subsidy to remain in business. d. All of the above are correct.