A company succumbs to a wage increase demand without any changes in the productivity of labor, price of the product, and the total output sold. Which of the following would happen?

What is a monopolist, and what is required for a monopolist to earn profits in the long run?

What will be an ideal response?

In the United States, _____

a. younger female workers tend to experience a higher rate of unemployment, but the rate of unemployment decreases as age increases b. male workers tend to experience a higher rate of unemployment, but the rate of unemployment decreases as experience increases c. female workers from a Hispanic background tend to experience a higher rate of unemployment than male workers from a Hispanic background d. younger female workers with a high school diploma tend to experience a higher rate of employment than female workers with a college education