In the late 1980s, the health benefits of oat bran were widely advertised. If the price of oats increased 50%, causing the quantity of oats supplied to increase by 40%, then the price elasticity of supply was

In the problem of double marginalization, the resulting price is ______than if the manufacturer were to sell directly to the consumer

a. Higher b. Lower c. The same d. None of the above

In which of the following actions is Agatha committing wage discrimination?

a. by paying Bob, who is very productive, more than everyone else b. by paying everyone equally regardless of education or skill c. by paying Asian employees less than white employees for the same job d. by paying women managers more than women hourly workers