An increase in demand for resources fixed or specific to an industry will cause their earnings _____ because those resources cannot be released from other industries.

The price elasticity of demand for a demand curve that has a zero slope is

A) zero. B) one. C) negative but approaches zero as consumption increases. D) infinity.

The retail market for video rentals is a monopolistically competitive market. A greater supply of video rental outlets along with the increased availability of substitutes like cable channels would likely make rental rates

a. decrease slightly b. remain unchanged c. crash d. fluctuate wildly up and down e. increase