Refer to Figure 3-2. A technological advancement would be represented by a movement from

If the demand function for orange juice is expressed as Q = 2000 - 500p, where Q is quantity in gallons and p is price per gallon measured in dollars, then the demand for orange juice has a unitary elasticity when price equals

A) $0. B) $1. C) $2. D) $4.

U.S. public utilities are often: a. perfect competitors

b. created through patent protection. c. regulated natural monopolies. d. employee-owned public enterprises.