True/False 1. Income mobility refers to the movement of households up and down the income distribution quintiles. 2. Other things constant, if the demand for a final product is relatively price inelastic, the demands for the resources used to produce the product will tend to be relatively price inelastic. 3. The decrease in the share of health-care payments made "out of pocket" by consumers over time has resulted in an increase in the prices of medical services. 4. If pizza used to be produced in a competitive price-searcher market, and now the pizza market becomes a monopoly, we would expect: Group of answer choices more pizza to be sold at higher prices. less pizza to be sold at lower prices. more pizza to be sold at a the same price. less pizza to be sold at the same price. 5. Which of the following is a characteristic of an oligopolistic market? Group of answer choices Zero economic profit in the short run The potential for collusion and the formation of cartels Many small firms that must take the market price as given A perfectly elastic market demand curve