The supply curve for products that can be made quickly without huge amounts of skilled labor and capital is usually________
Fill in the blank(s) with the appropriate word(s).
Ans: elastic
Economics
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Without any change in the demand for labor, how are the following events likely to change the equilibrium wage and employment level in a dairy farm?
a) An increase in the population of the region where the dairy farm is located b) The establishment of a cotton mill that pays higher hourly wages, near the dairy farm c) The shutdown of a rice farm located near the dairy farm
Economics
If autonomous investment decreases by $60 billion, equilibrium real GDP demanded will
What will be an ideal response?
Economics