Demand is price inelastic if a relatively ________ price increase leads to a relatively ________ in the quantity demanded

In 1935, the U.S. Patent and Trademark Office issued Parker Brothers a trademark on the

use of the name Monopoly for a board game. Hasbro bought Parker Brothers in 1991. Which of the following statements is true regarding the trademark on the name Monopoly for a board game? A) The trademark expired in 1955, 20 years after the trademark was issued to Parker Brothers. B) The original trademark expired well before Hasbro bought Parker Brothers, so they never had a trademark on Monopoly. C) Trademarks never expire, so Hasbro continues to have a trademark on the name Monopoly. D) The trademark expired in 2011, 20 years after Hasbro's purchase of Parker Brothers.

Good A has an income elasticity equal to 1.0 and a cross price elasticity with respect to Good B of -0.6 . Then: a. Good A is an inferior good and Goods A and B are substitutes. b. Good A is an inferior good and Goods A and B are complements. c. Good A is a normal good and Goods A and B are substitutes

d. Good A is a normal good and Goods A and B are complements.