Price Per UnitQuantity Demanded Per Unit of Time$2012$1817$1620$1424$1230$1036$840$644$448Refer to the above data. Over which price range is the price elasticity of demand inelastic?

If a firm's product is perishable, where is the firm usually located?

(A) Near a river (B) In a city (C) Near its suppliers (D) Near its consumers

It is widely believed that the Federal Reserve's most important function is

A) to provide loans to the federal government. B) to regulate the money supply. C) to set the legal, controlled consumer interest rates. D) to lend to risky customers.