If Anh's elasticity of labor supply is 1.5 and she increases her supply of labor by 5 percent, then the wage rate must have
A. Increased by 3.3 percent.
B. Increased by 3.0 percent.
C. Decreased by 7.5 percent.
D. Increased by 7.5 percent.
Answer: A
Economics
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The price of borrowing is known as the:
A. equilibrium price. B. transaction cost. C. interest rate. D. None of these is true.
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