1. A monopolist that engages in perfect price discrimination
a. divides all buyers into two mutually exclusive groups
b. refuses to sell to consumers of certain races, sexes, or creeds
c. charges the same price for every unit sold
d. charges a different price for every unit sold
e. charges buyers who want a little of the good a low price and charges buyers who want a lot of the good a high price
2. Along a straight-line downward-sloping demand curve, elasticity is
a. constant, but its value cannot be determined without measurement
b. constant and equal to an absolute value of one
c. greater at higher prices
d. greater at lower prices
e. greater in the middle