Involuntary part-time workers are workers who
A) work less than 35 hours but would like to work full time.
B) work more than 35 hours but would like to work less than 35 hours.
C) work have lost their jobs within the last four weeks and are seeking another job.
D) work less than 35 hours by choice.
E) have withdrawn from the labor market.
A
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Indicate whether the statement is true or false
Suppose Julia and Zach are the only consumers of milk. Julia's demand for milk is defined as QdJulia = 12 - 3P at prices below $4 and zero for prices above $4. Zach's demand for milk is defined as QdZach = 10 - 2P at prices below $5 and zero for prices above $5. In this case, the market demand curve for milk is:
A. is upward sloping. B. a downward sloping straight line. C. kinked at a price of $5. D. kinked at a price of $4.
Which of the following is FALSE regarding inelastic demand?
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The objective of speculators is to buy at one price and sell at a lower price
Indicate whether the statement is true or false