The demand curve faced by a monopolistically competitive firm that incurs a loss in the short run will shift to the left in the long run

 If indifference curves and budget lines are used to analyze consumer choice, an inferior good will

A. escape detection when income rises. B. be easily identified because the quantity purchased will fall as income rises. C. be easily identified because the quantity purchased will rise as income rises. D. be easily identified because it will change the slope of the budget line. E. escape detection because this model does not show that relationship.

Which of the following is not a primary determinant of consumption spending?

A. Wealth B. Rate of return on capital C. Real income D. Interest rates on savings