The issue of inequality has become prominent because of:
a. an increased sense of justice
b. a decrease in the strength of capitalism
c. the widening wage disparity
d. none of these
c
Economics
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Calculate the elasticity of demand when an increase in supply causes the equilibrium price and quantity to change from $9 and 2,000 to $7 and 3,000, respectively
Economics
As the market wage increases:
a. the income effect normally influences you to work more. b. the income effect normally influences you to work less. c. the substitution effect normally influences you to work less. d. the substitution effect normally influences you to involve in nonmarket work.
Economics