Refer to the information provided in Figure 2.4 below to answer the question(s) that follow. Figure 2.4According to Figure 2.4, Point E necessarily represents

The above figure shows a motel engaged in monopolistic competition with other motels. The equilibrium price at this motel is ________ per room

A) $20 B) $30 C) $40 D) $50 E) $10

Inflation means that:

A. all prices are rising, but at different rates. B. all prices are rising and at the same rate. C. prices on average are rising, although some particular prices may be falling. D. real incomes are rising.