The economist who proposed that, "Inflation is always and everywhere a monetary phenomenon" was

The price of movie tickets in a town has risen from $7 to $9. What is the most likely effect of the change in price?

a) The demand curve for movie tickets will move right b) The quantity demanded of movie tickets will increase c) The demand curve for movie tickets will move left d) The quantity demanded of movie tickets will decreade

In the cigarette industry either R. J. Reynolds or Phillip Morris, for a time, raised prices twice a year by about 50 cents per carton. The other firms in the industry raised their prices by the same amount. Economists call this

A. predatory pricing. B. a price war. C. price leadership. D. sales maximization.