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 48 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

lindahyatt42

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

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.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Effects of a Targeted Deletion of the μ Opiate Receptor Effects of a Targeted Deletion of the μ Opiate Receptor
Lean 6 sigma - Fishbone Diagram - CAUSES & Effects OF LOW CUSTOMER SATISFACTION Lean 6 sigma - Fishbone Diagram - CAUSES & Effects OF LOW CUSTOMER SATISFACTION
IPCC Temperature Increase Predictions Relative to 1986-2005 IPCC Temperature Increase Predictions Relative to 1986-2005
Effect of an Increase in Technological Progress Effect of an Increase in Technological Progress
Effects of Sympathetic and Parasympathetic Divisions of the ANS Effects of Sympathetic and Parasympathetic Divisions of the ANS
Examples of Plant Hormone Effects Examples of Plant Hormone Effects
Video: Osmosis - Isotonic, Hypotonic, and Hypertonic​ Solutions

For a complete list of videos, visit our video library