The flatter the slope of the supply curve the lower will be the price elasticity of supply

A monopoly always operates in the inelastic portion of its demand curve

Indicate whether the statement is true or false

The price of medical care in the United States has:

A. remained relatively unchanged in recent years. B. risen slower than the overall price level. C. risen at the same pace as the overall price level. D. risen faster than the overall price level.