Holding other factors constant, a decrease in the tax for producing cars causes
a. The supply curve to shift to the left, causing the prices of coffee to rise
b. The supply curve to shift to the right, causing the prices of coffee to rise
c. The supply curve to shift to the left, causing the prices of coffee to fall
d. The supply curve to shift to the right, causing the prices of coffee to fall
d
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Jenna runs a small boutique in Capitola. She tells one of her suppliers that she is willing to pay $6 for a pair of wool hand warmers and not a dime more
On the basis of this information, what can you conclude about her price elasticity of demand for wool hand warmers? A) The price elasticity coefficient is 0. B) It is elastic. C) It is perfectly elastic. D) It is perfectly inelastic.
Full employment means which of the following is zero?
a. structural unemployment b. cyclical unemployment c. frictional unemployment d. aggregate unemployment