Refer to the figure below. What is the price elasticity of demand when the price of rice is $3 per pound? 

If an economy is operating at a point inside the production possibilities frontier, then

A) society's resources are being inefficiently utilized. B) the PPF curve will shift inward. C) society's resources are being used to produce too many consumer goods. D) economic policy must retard further growth of the economy.

What role might contests among superstars play in accounting for income inequality?

What will be an ideal response?