Which of the following is likely to cause an upward movement along the labor supply curve assuming all else equal?
A) An increase in the labor population B) A rise in the wage rate.
C) A fall in the wage rate. D) A decrease in the labor population
B
Economics
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The above figure shows the U.S. market for replacement cell phone batteries. Suppose the U.S. government imposes the tariff illustrated in the figure
The tariff is equal to ________, and the price U.S. consumers pay _______compared to the price paid when there was free trade. A) $2; increases B) $2; decreases C) $14; increases D) $14; decreases E) $12; increases
Economics
Cross-price elasticity measures the responsiveness of the price of good A to a change in the price of good B
a. True b. False
Economics