When a certain monopoly sets its price at $8 it sells 64 units. When the monopoly sets its price at $9 it sells 62 units. The marginal revenue for the firm over this range is

The income elasticity of demand for food

A) does not change when an individual's income changes. B) increases as an individual's income increases. C) decreases as an individual's income increases. D) is negative.

"The distribution of income should be determined by the government" is an example of a positive economic statement

Indicate whether the statement is true or false