Author Question: Consumers don't always have to pay the maximum price they are willing to pay. Indicate whether ... (Read 70 times)

jake

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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

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Answer to Question 1

TRUE

Answer to Question 2

FALSE



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