Which of the following is more likely to be able to command a higher price for its products
a. A specialty frozen yogurt producer, with high quality product
b. A mall kiosk selling costume jewelry
c. A specialty toy store that allows customers to self-design teddy bears
d. Both A&C
d
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Suppose that Mel (who is 27 ) is not working, but looked for a job as recently as 2 months ago. Mel would like a job and he is available for work. He is considered
A) unemployed. B) a member of the labor force and unemployed. C) a member of the labor force, but not unemployed. D) a member of the working-age population E) a marginally attached worker.
Ceteris paribus, which of the following would generally cause an increase in the demand curve for new automobiles?
A. An increase in consumers' income. B. The new models being perceived as ugly compared with old models. C. A decrease in the price of new automobiles. D. Consumer expectations that the price of new automobiles will be lower next year.