This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: It is said that a wage increase can have two opposing effects. Which of the following captures these ... (Read 85 times)

bobbie

  • Hero Member
  • *****
  • Posts: 592
on: Jun 30, 2018
It is said that a wage increase can have two opposing effects. Which of the following captures these two effects?
 a. A backward-bending labor-supply curve
  b. A perfectly elastic labor-supply curve
  c. A perfectly inelastic labor-supply curve
  d. A perfectly elastic labor-demand curve
  e. A backward-bending labor-demand curve

Question 2

Which of the following is a determinant of price elasticity of demand?
 a. Availability of substitute goods
  b. Excess capacity
  c. Scale of production
  d. Inventories
  e. Cost of production


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Pariscourtney

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


bobbie

  • Member
  • Posts: 592
Reply 2 on: Jun 30, 2018
:D TYSM

Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Phenotypic effects in Drosophila larvae that have mutations in segmentation genes Phenotypic effects in Drosophila larvae that have mutations in segmentation genes
Addition of mineral nutrients to the boreal forest can have different effects on different plant spe Addition of mineral nutrients to the boreal forest can have different effects on different plant spe
Multisystem effects of rheumatoid arthritis. Multisystem effects of rheumatoid arthritis.
Effects of Ro15-4513, an Alcohol Antagonist Effects of Ro15-4513, an Alcohol Antagonist
To increase pressure using body weight, lean on your client. To increase pressure using body weight, lean on your client.
Major Effects of Thyroid Hormone in the Body Major Effects of Thyroid Hormone in the Body
Video: Interspecific Competition Relationship - Competitive & Niche Differentiation

For a complete list of videos, visit our video library