Refer to the following table to answer the question. Demand is inelastic between:PriceQuantity Demanded$6.0018$8.0014$10.0010$12.006$14.002
A. $8 and $10.
B. $6 and $8.
C. $10 and $12.
D. $12 and $14.
Answer: B
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A technological advancement has just occurred in the computer chip industry. In the computer chip market this will lead to
A) an increase in price and a decrease in quantity. B) an increase in price and an increase in quantity. C) a decrease in price and a decrease in quantity. D) a decrease in price and an increase in quantity.
A brand name can affect a firm's
A) price elasticity of demand B) average total cost curve C) normal profit D) balance sheet
Refer to Figure 5.3. Which of the following statements is false?
A. Points a, b and c all represent best choices for the consumer.
B. It is possible for the consumer to afford better bundles than a.
C. Point b satisfies the tangency condition.
D. It is possible for the consumer to afford better bundles than c.
Refer to the information provided in Figure 19.1 below to answer the question(s) that follow. 
Figure 19.1 Refer to Figure 19.1. The ________ from this payroll tax are $3,500.
A. total cost to employers B. total cost to workers C. total wage saving D. total tax collections