If the money market is in the liquidity trap, it is operating in the __________ segment of the __________ demand curve

The essential feature that differentiates imperfectly competitive firms from perfectly competitive firms is that an imperfectly competitive firm:

A. coordinates their output decisions with other firms. B. produces a good with no close substitutes. C. faces a downward-sloping demand curve. D. faces high barriers to entry.

Assume the graph shown represents Dana's budget constraint. If Dana's income to spend on these two items decreased, which of the following could be said?

A. Dana will derive more utility from each item, because she values each one more now that she's poorer. B. Dana will be able to buy less of both goods. C. Dana will buy more hairbands now because they are relatively less expensive. D. All of these are true.