This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements contradicts an upward-sloping market-supply curve? a. All people ... (Read 15 times)

CBme

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
Which of the following statements contradicts an upward-sloping market-supply curve?
 a. All people have backward-bending individual supply curves.
  b. Leisure is more enjoyable than work.
  c. The elasticity of labor supply is larger than the elasticity of labor demand.
  d. To work more means to enjoy less leisure.
  e. The opportunity cost of leisure decreases with an increase in wage rate.

Question 2

In the opinion of many consumers, there are few, if any, substitutes for the popular search engine Google. If Google were to charge consumers for its services, it would face:
 a. a relatively inelastic demand curve.
  b. a relatively elastic demand curve.
  c. a negative income elasticity of demand.
  d. a positive cross elasticity of demand.
  e. a perfectly elastic demand curve.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

srodz

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


CBme

  • Member
  • Posts: 548
Reply 2 on: Jun 30, 2018
:D TYSM

dantucker

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

The formation of a chimeric gene that is found in people with certain forms of leukemia. The formation of a chimeric gene that is found in people with certain forms of leukemia.
The Light Curve of a Nova The Light Curve of a Nova
How do you set yourself apart in a country so rich that of its 4.6 million people, 79,000 are ... How do you set yourself apart in a country so rich that of its 4.6 million people, 79,000 are ...
The energy set-point view that is the basis of many people’s thinking about hunger and eating. The energy set-point view that is the basis of many people’s thinking about hunger and eating.
People are living longer today than in previous decades People are living longer today than in previous decades
Testing the arterial supply to the lower extremities Testing the arterial supply to the lower extremities
Video: Smoking Cessation

For a complete list of videos, visit our video library