Tris owns the only auto repair shop on Lonely Island. Tris is a ...

[bcretired]

Tris owns the only auto repair shop on Lonely Island. Tris is a single-price monopoly, so Tris operates on the ________ part of the ________ curve.
 
  A) elastic; supply
  B) inelastic; supply
  C) inelastic; demand
  D) elastic; demand

Question 2

The above figure gives your budget line between CDs and magazines. If the price of a magazine increased, then the budget line
 
  A) shifts outward and the slope does not change.
  B) rotates inward with no change in the horizontal intercept.
  C) rotates inward with no change in the vertical intercept.
  D) rotates outward with no change in the vertical axis.

[abctaiwan]

Answer to Question 1

D

Answer to Question 2

C

[bcretired]

Thanks for the timely response, appreciate it

[amandalm]

Gracias!