In the Edgeworth box shown below, 
A. the relative prices shown will bring equilibrium without changing.
B. there is more clothing demanded than is available.
C. there is more food demanded than is available.
D. there is less food demanded than is available.
Answer: C
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If demand is unit-elastic, then a $5 decrease in price will lead to an increase in quantity demanded by 5 units
a. True b. False Indicate whether the statement is true or false
Voters' Ordered PreferencesAbbyBobCarloPublic parksPublic zooPublic transportationPublic zooPublic transportationPublic parksPublic transportationPublic parksPublic zooIf a pair-wise majority vote was held and the voters' preferences are in the given table, which option would win the first round of voting?
A. Public parks B. Public transportation C. Public zoo D. It depends on which pair was considered first.