When the absolute price elasticity of demand is less than 1, demand is

A) elastic.
B) unit-elastic.
C) inelastic.
D) undetermined without more information.

Answer: C

Economics

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In the United States in 2014, the health care industry was the largest employer in ________ states

A) 7 B) 27 C) 34 D) 48

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According to the U.S. Bureau of Labor Statistics, between 2000 and 2005, real wages in concrete work fell by 16.5%, despite a soaring demand for workers

This implies that the supply of workers in this field increased faster than the demand for workers. Indicate whether the statement is true or false

Economics