If the wage rate were $250, how many workers would be hired?



A. 3

B. 4

C. 5

D. 0


D. 0

Economics

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The greater the price elasticity of demand, the

a. more likely the product is a necessity. b. smaller the responsiveness of quantity demanded to a change in price. c. greater the percentage change in price over the percentage change in quantity demanded. d. greater the responsiveness of quantity demanded to a change in price.

Economics

Refer to Table 20-7. Suppose that the data in the table above reflect price levels in the economy. What is the inflation rate between 2015 and 2016?

A) 2.9% B) 3.5% C) 4.6% D) 5% E) 7.5%

Economics

A shortage of competition is central to the entrepreneur in the ________ theory of profit.

A. risk taker B. innovator C. monopolist D. exploiter of labor

Economics

Many economists prefer

What will be an ideal response?

Economics