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Author Question: In the table above, what is the equilibrium wage rate in an unregulated market? A) 8.00 per hour ... (Read 85 times)

strangeaffliction

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In the table above, what is the equilibrium wage rate in an unregulated market?
 
  A) 8.00 per hour
  B) 9.00 per hour
  C) 10.00 per hour
  D) 11.00 per hour

Question 2

Which of the following increases the quantity supplied of good X but does NOT increase the supply of good X?
 
  A) a fall in the price of a factor production used to produce X
  B) an advance in the technology for producing X
  C) an increase in the price of good Y, a complement in the production of X
  D) an increase in the price of X



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johnpizzaz

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Answer to Question 1

C

Answer to Question 2

D





 

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