Monopsonists tend to exploit the resources as they are the sole ...

[evelyn o bentley]

Monopsonists tend to exploit the resources as they are the sole employers of the resources.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If a 1 percent change in the price of a good causes a 1 percent change in the quantity demanded of that good, then the demand is said to be:
 a. perfectly elastic.
  b. income elastic.
  c. unit-elastic.
  d. inelastic.
  e. perfectly inelastic.

[SomethingSomething]

Answer to Question 1

True

Answer to Question 2

c