In the above figure, when the price of a gallon of gasoline falls, which points in the above figure are used to derive points on the consumer's demand curve for gasoline?

The short-run supply curve for a perfectly competitive firm is

A) the industry supply curve. B) its rising portion of the average-variable-cost curve. C) its entire marginal-cost curve. D) its marginal-cost curve above the average-variable-cost curve. E) its average-revenue curve.

The nominal price of industrial red paint was $12 per gallon in 1993. To convert this value to the real price of paint in 2012 dollars, we should use the:

A) Consumer Price Index. B) Producer Price Index C) Fed funds rate. D) 30-day T-bill rate.