Author Question: Consumers don't always have to pay the maximum price they are willing to pay. Indicate whether ... (Read 13 times)

jake

  • Hero Member
  • *****
  • Posts: 538
Consumers don't always have to pay the maximum price they are willing to pay.
 
  Indicate whether the statement is true or false

Question 2

The supply curve of low-skilled labor is upward sloping because those workers know that government will protect them with minimum wage legislation.
 
  Indicate whether the statement is true or false



amanda_14

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

TRUE

Answer to Question 2

FALSE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

For a complete list of videos, visit our video library