In the United States, for a $1 fall in state government revenue, the federal government increases transfers by:

A baker of chocolate chip cookies is likely to have a ______________ price elasticity of supply than does the seller of rare baseball cards due to ______________.

A. more elastic; the availability of inputs B. less elastic; the availability of inputs C. less elastic; a shorter adjustment time D. less elastic; a more flexible production process

A person's utility schedule ____________ (can/cannot) change over time.

Fill in the blank(s) with the appropriate word(s).