Which of the following will not lead to an increase in the demand for labor for a firm producing automobiles?
A) a decrease in labor productivity
B) an increase in the price of robots that are used to solder parts of the car together
C) an increase in the demand for automobiles
D) an increase in the price of automobiles
A
Economics
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Negative values of the price elasticity of demand of a good can be attributed to:
A) the Law of Demand. B) the Law of Supply. C) the Law of Increasing Marginal Utility. D) the Law of Diminishing Marginal Rate of Substitution.
Economics
Which of the following pairs is most likely to represent complementary goods?
a. Hotels and campgrounds. b. Butter and margarine. c. Bacon and eggs. d. Miniature golf and bowling. e. Coffee and tea.
Economics