Intraindustry trade tends to be more controversial than interindustry trade

The demand curve in the figure above illustrates the demand for a product with a price elasticity of demand

A) equal to zero at all prices. B) equal to infinite at all prices. C) equal to one at all prices. D) that is different at all prices.

A price floor set above the equilibrium price causes quantity supplied to exceed quantity demanded

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