In the Case in Point on campus parking, the implication was that existing prices for parking spaces on university campuses are generally:

The long-run supply curve in a constant-cost, perfectly competitive industry is

A) perfectly inelastic. B) upward sloping. C) downward sloping. D) perfectly elastic.

Microeconomics is the study of

A. federal budget details. B. aggregate measures of the economy. C. individual decision making. D. economic issues for an entire region.