The commodity substitution bias is most likely to put ________ into the CPI and so ________ the inflation rate

In the demand curve shown in the above graph we are closest to unit elasticity at point

A. point Q. B. point R. C. point S. D. point T.

A market for scalped tickets exists only because the ticket sales policies of the event promoter

A. were unjust and immoral. B. exploited more opportunities for mutually beneficial trade than actually existed. C. failed to exploit every opportunity for mutually beneficial trade. D. created illusory opportunities for mutually beneficial trade.