Question 1
Demand for the lithium ion batteries used in the production of Tesla automobiles is
◦ perfectly elastic.
◦ unrelated to their productivity.
◦ an output demand.
◦ derived from the demand for Tesla automobiles.
Question 2
Salaries of NFL quarterbacks, like Tom Brady, are
◦ too high.
◦ related to the additional revenues team owners expect to enjoy as a result of having them on the team roster.
◦ the result of perfectly competitive markets.
◦ All of these are correct.
