A ________ in market interest rates relative to the discount rate will cause discount borrowing to_______

The price elasticity of demand for Red Delicious apples, a certain type of apple, is likely

A) elastic. B) inelastic. C) perfectly elastic. D) perfectly inelastic. E) unit elastic.

Regulation is guaranteed to be more efficient than a monopoly

A) True, the government is able to internalize the dead weight loss of the monopoly. B) True, the consumers are better off if government provides the product rather than a private firm. C) False, the government does not always have sufficient information to provide a more efficient market outcome. D) False, the consumers are worse off under government regulation.