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Author Question: The labor-market-supply curve illustrates that, as the wage rate increases, the number of hours that ... (Read 52 times)

tth

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on: Jun 30, 2018
The labor-market-supply curve illustrates that, as the wage rate increases, the number of hours that each person is willing and able to work rises.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Everything else held constant, the greater the number of close substitutes there are for a good, the smaller the price elasticity of demand for that good.
 a. True
  b. False
  Indicate whether the statement is true or false


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katheyjon

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

False


tth

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  • Posts: 579
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

jamesnevil303

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  • Posts: 337
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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