If real GDP exceeds aggregate planned expenditure, then the change in unplanned inventories is ________ and firms ________ production

For purposes of determining comparative advantage, the cost of producing a good in each of two countries is measured in terms of:

a. metric units only. b. opportunity costs. c. total costs. d. the currency of the importing country. e. the currency of the exporting country.

Refer to the table below. If the price starts falling from $5, at what price range does demand become inelastic?

A. From $2 to $1
B. From $3 to $2
C. From $4 to $3
D. From $5 to $4