Inflation initiated by increases in wages or other resource prices is labeled:

The figure above shows the market for coffee. If 10 million pounds of coffee a month are available, the ________ price that consumers are willing to pay for the last pound is ________

A) maximum; $2.00 B) maximum; $3.50 C) minimum; $2.00 D) minimum; $3.50

The percentage of U.S. industrial sales produced in industries with four-firm sales concentration ratios of 50 percent or more has remained pretty much unchanged from 1895 through 1982

Indicate whether the statement is true or false