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Author Question: Consumers don't always have to pay the maximum price they are willing to pay. Indicate whether ... (Read 21 times)

jake

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

TRUE

Answer to Question 2

FALSE


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