If the apartment owner decides to fine both the roommates if the apartment is dirty, such that now if neither of them clean they each get a 5 utility loss, what would the new equilibrium be now?

Considering how a change in one variable affects the value of another variable is called

A) the principle of supply and demand. B) the marginal principle. C) the Peter Principle. D) functional decision making.

The more successful a seller is in inducing buyers to pay the maximum price they would be willing to pay rather than do without the good, the

A) closer will the seller's marginal revenue curve come to the demand curve. B) greater will be the demand for the good. C) more elastic will be the demand for the good. D) more inelastic will be the demand for the good.