You would expect the demand for food to be more inelastic than the demand for cookies

The uncertainty and ambivalence surrounding government policies toward competition stems from

A) conflict between the goals of preserving competition and protecting competitors. B) the influence producers are able to exert on agencies charged with enforcing laws governing business practices. C) uncertainty about the actual effects of various measures intended to promote competition. D) all of the above. E) none of the above but from uncertainty about federal, state, or local jurisdiction.

If you fit a line through a scatter diagram of points that represent coordinates of consumer spending and disposable income, the slope of this line will equal the

a. propensity to consume b. variable propensity to consume. c. marginal propensity to consume. d. average propensity to consume.