Households constitute the demand side of a labor market
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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The most recent data indicates households in the top fifth of the income distribution earn as much income as the bottom four fifths combined
a. True b. False
Economics
Suppose the quantity demanded is 1,000 million bushels of peaches per year when the price is $3 per bushel and 1,500 million bushels when the price is $1 per bushel. The price elasticity of demand in this range of the demand curve is:
a. elastic. b. inelastic. c. unitary elastic. d. infinitely elastic.
Economics