When firms use resources in an attempt to secure and maintain grants of market protection from the government, it is called

The current price of concert t-shirts is $20 each, and the company has been selling 400 per week. If price elasticity is 2.5 and the price changes to $21, how many t-shirts will be sold per week?

Refer to the above table. How many units of resource Y would the firm employ at a price of $50 per unit of Y?

 

A.  2

B.  3

C.  4

D.  5