Suppose  consumer cannot taste the difference between Miller Lite and Bud Light, but Miller Lite is sold in 12 ounce cans while Bud Light is sold in 8 ounce cans. In a graph with cans of Miller Lite on the horizontal and cans of Bud Light on the vertical axis, which of the following is the correct slope for this consumer's indifference curves:

The demand for sirloin steak is probably more elastic than the demand for all meat because

A) steak is very expensive. B) people are worried about cholesterol. C) cattle raising is not very profitable. D) there are more substitutes for sirloin steak than for all meats.

If wages are "sticky downwards", then this means that during periods of high unemployment, wages will:

A. fall quickly. B. resist falling. C. resist rising. D. rise quickly.