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Author Question: Monopsonists tend to exploit the resources as they are the sole employers of the resources. a. True ... (Read 37 times)

evelyn o bentley

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on: Jun 30, 2018
Monopsonists tend to exploit the resources as they are the sole employers of the resources.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If a 1 percent change in the price of a good causes a 1 percent change in the quantity demanded of that good, then the demand is said to be:
 a. perfectly elastic.
  b. income elastic.
  c. unit-elastic.
  d. inelastic.
  e. perfectly inelastic.


SomethingSomething

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

c


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