If the price of labor falls, we can expect
a. demand for labor will increase
b. quantity demanded of labor will increase
c. demand for labor will decrease
d. quantity demanded of labor will decrease
e. marginal labor cost to rise
B
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Legislators in a democracy are more likely to support special interests than the broad interests of citizens generally because
A) incumbents have such powerful advantages in election campaigns. B) money plays such a large role in political campaigns. C) they cannot know what the public interest requires in the absence of market information. D) they do not have to fear being voted out of office. E) they pay attention to the people paying attention to them.
Toothpaste and toothbrushes are complements, so the ________ elasticity of demand is ________
A) cross; positive B) income; negative C) cross; negative D) income; positive