1. If the demand for movies is inelastic at the current price, which of the following statements is true? A. A rise in price will increase revenues B. None of the above C. The elasticity of demand is -1 D. A rise in price will decrease revenues

2. Suppose Jack and Jill are the only two consumers in the market for apples. If Jack's demand curve for apples is p = 5 - 1/3Q subscript D1, and Jill's demand curve is p = 5 - Q subscript D2, then what is the market demand curve? A. p = 10 - 4/3 Q subscript M B. Q subscript M = 10 - 4 p C. Q subscript M = 20 - 4 p D. Q subscript M = 10 - 2 p