This topic contains a solution. Click here to go to the answer

Author Question: In the above figure, if the minimum wage is set at 6 per hour, the level of unemployment is ________ ... (Read 62 times)

Pineapplelove6

  • Hero Member
  • *****
  • Posts: 560
In the above figure, if the minimum wage is set at 6 per hour, the level of unemployment is ________ hours per week is
 
  A) 40 million
  B) 30 million
  C) 20 million
  D) 0

Question 2

Business people often speak about price elasticity without actually using the term. Which statement describes a good with an elastic demand?
 
  A) A price cut won't help me. It won't increase my sales, and I'll just get less money for each unit.
  B) I don't think a price cut will help my bottom line any. Sure, I'll sell a bit more, but I'll more than lose because the price will be lower.
  C) My customers are real shoppers. After I cut my prices just a few cents below those my competitors charge, customers have been flocking to my store and sales are booming.
  D) The economic expansion has done wonders for my sales. With more people back at work, my sales are taking off



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Bsand8

  • Sr. Member
  • ****
  • Posts: 327
Answer to Question 1

D

Answer to Question 2

C




Pineapplelove6

  • Member
  • Posts: 560
Reply 2 on: Jun 29, 2018
Gracias!


JCABRERA33

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

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?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

For a complete list of videos, visit our video library