When financial institutions go on a lending spree and expand their lending at a rapid pace they are participating in a

The vertical distance between the total cost curve and the total variable cost curve ________ as output increases and the vertical distance between the average total cost curve and average variable cost curve ________ as output increases

A) is constant; decreases B) decreases; is constant C) increases; decreases D) decreases; increases E) decreases; decreases

The greater the availability of close substitutes for a product, the greater the price elasticity of demand for that product

a. True b. False