Author Question: Consumers don't always have to pay the maximum price they are willing to pay. Indicate whether ... (Read 80 times)

jake

  • Hero Member
  • *****
  • Posts: 538
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
  • ****
  • Posts: 342
Answer to Question 1

TRUE

Answer to Question 2

FALSE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

For a complete list of videos, visit our video library