Which of the following is likely to cause a decrease in both the wage rate and the level of employment in an industry?
A) A right shift in the supply curve for labor, without any change in the demand curve for labor
B) A left shift in the supply curve for labor, without any change in the demand curve for labor
C) A right shift in the demand curve for labor, without any change in the supply curve for labor
D) A left shift in the demand curve for labor, without any change in the supply curve for labor
D
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When a firm decides to produce more electric cars and conventional gas powered cars, it is most directly answering the ________ part of one of the two big economic questions
A) "how" B) "scarcity" C) "what" D) "for whom"
A perfect price discriminator
A) charges each buyer her reservation price. B) charges different prices to each customer based upon different costs of delivery. C) generates a deadweight loss to society. D) charges lower prices to customers who buy greater quantities.