The Figure Above Shows the Demand and Cost Curves Facing

question 35

Multiple Choice

The figure above shows the demand and cost curves facing a price-setting firm.In profit-maximizing or loss-minimizing) equilibrium,the Lerner index is _____,and the elasticity of demand is ______.

• A)1 ;-1
• B)0.6; -1.667
• C)0.5; -2.0
• D)0.667; -1.5
• E)1.33; -0.75

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Definitions:

Pregnancy Prevention

Strategies or methods used to avoid unintended or unwanted pregnancy, including contraception, abstinence, and education.

Condom Use

The practice of using condoms as a contraceptive method and to reduce the risk of transmitting sexually transmitted infections (STIs).

Latex Condoms

A type of condom made from natural rubber latex, used for contraception and to reduce the risk of sexually transmitted infections.

Menstrual Cycle

The regular natural change that occurs in the female reproductive system that makes pregnancy possible, typically lasting about one month.