The above figure shows the demand curve for movie rentals from Redbox. At which of the following prices is the demand unit elastic?

If a car salesman is paid a commission on the sale value of the car, the owner is most likely to see

a. Large margins on sales b. Low margins on sales c. No sales d. None of the above

In macroeconomics, _______ denotes the relationship between the total quantity of goods and services and the price level for output.

a. macroeconomic equilibrium b. aggregate supply (AS) c. aggregate demand (AD) d. potential GDP