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Author Question: If a hot dog vendor on a street corner experiences an increase in total revenue after lowering the ... (Read 29 times)

fox

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on: Jun 29, 2018
If a hot dog vendor on a street corner experiences an increase in total revenue after lowering the price of a hot dog, then the demand for the hot dogs must be elastic.
 
  Indicate whether the statement is true or false

Question 2

The figure above shows a labor market. If there is a monopsony in this labor market, employment is
 
  A) 0 hours per week.
  B) 50 hours per week.
  C) 100 hours per week.
  D) 150 hours per week.


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scottmt

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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

B


fox

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

epscape

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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