Author Question: Since we all like to get richer, so when wage rate increases we always like to work longer hours to ... (Read 70 times)

ereecah · **on:** Jun 30, 2018

Since we all like to get richer, so when wage rate increases we always like to work longer hours to make more income.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Since the slope of a downward-sloping demand curve is constant, the price elasticity of demand does not change when moving along this line.
a. True
b. False
Indicate whether the statement is true or false