If there is an increase in demand for a good,
a. there will be an increase in demand for the inputs that produce it.
b. there will be a decrease in demand for the inputs that produce it.
c. there will be an increase in supply of the inputs that produce it.
d. there will be a decrease in supply of the inputs that produce it.
a
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Refer to the information provided in Figure 15.5 below to answer the question(s) that follow. 
Figure 15.5 Refer to Figure 15.5. Assume the Custom Sweater Shop has fixed costs of $500 and is a monopolistically competitive firm. To maximize profits in the short run, this firm should produce ________ personalized sweaters.
A. 0 B. 100 C. 140 D. 150
If a demand curve is unit elastic, then P times Q will remain constant when P changes
a. True b. False Indicate whether the statement is true or false
Suppose agricultural technology results in increased grain yield for U.S. farmers. The increased supply of grain will drive down grain prices. Because the demand for grain is price elastic, lower prices will result in lower total farm revenue
Indicate whether the statement is true or false
A change in economic output is potentially efficient
A. only if no one is made worse off. B. if the value of the resulting gains exceeds the value of the resulting losses. C. if the value of the resulting gains exactly equals the value of the resulting losses. D. if the value of the resulting gains is less than the value of the resulting losses.