As one moves down a straight-line demand curve, the elasticity decreases.

Jane's Copy Services is in perfect competition. Jane currently charges 10 cents per page, which is the going market price

Jane thinks that she can increase her profit if she lowers her price to 8 cents per page to increase the demand for her service. Is Jane right? Why or why not?

If the demand for high definition televisions increases and the supply of high definition televisions increases, then

A) it is clear that prices will increase; the change in the quantity of televisions sold is ambiguous. B) it is clear that prices will decrease; the change in the quantity of televisions sold is ambiguous. C) it is clear that quantity sold will increase; the change in the price of televisions is ambiguous. D) it is clear that quantity sold will decrease; the change in the price of televisions is ambiguous.