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Author Question: ________ dictates the lowest wage that firms may pay for labor. A) The black-market wage B) A ... (Read 83 times)

sam.t96

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on: Jun 29, 2018
________ dictates the lowest wage that firms may pay for labor.
 
  A) The black-market wage B) A maximum wage requirement
  C) A minimum wage law D) A price-ceiling wage

Question 2

Price elasticity of supply is used to gauge
 
  A) how responsive suppliers are to a change in demand.
  B) how responsive sales are to a change in input prices.
  C) how responsive suppliers are to price changes.
  D) how responsive suppliers are to changes in future prices.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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cascooper22

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


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