If the elasticity of supply of a good was 2, how much would the price have to increase to lead to an increase in output of 6 percent?
a. 3 percent
b. 4 percent.
c. 8 percent.
d. 12 percent.
a
Economics
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As Shana's consumption of tacos decreases, her
A) marginal utility from tacos increases. B) marginal utility from tacos decreases. C) total utility from tacos increases. D) both total and marginal utility from tacos decrease.
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The unemployment rate is 6 percent. If the population is 300 million, and the number unemployed is 6 million and the number employed is 94 million, what is the size of the labor force?
What will be an ideal response?
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