Refer to the data. The profit-maximizing price for the monopolist will be:

Refer to Figure 4-4. The figure above represents the market for iced tea. Assume that this is a competitive market. At an output of 10,000 units

A) the marginal benefit of iced tea is greater than the marginal cost; therefore, output is inefficiently high. B) the marginal benefit of iced tea is greater than the marginal cost; therefore, output is inefficiently low. C) the marginal cost of iced tea is greater than the marginal benefit; therefore, output is inefficiently low. D) producers should lower the price to $1 in order to sell the quantity demanded of 10,000.

A change in consumers' expectations about the future will shift both the aggregate expenditure curve and the aggregate demand curve

a. True b. False Indicate whether the statement is true or false