Which of the following is likely to shift the demand curve for engineers rightward, assuming all else equal?
A) An increase in the wage rate paid to engineers
B) A decrease in the wage rate paid to engineers
C) An increase in the productivity of engineers
D) A decrease in the price of all products manufactured by engineers
C
Economics
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If an airline chooses to practice price discrimination to increase profit, it will:
a. charge higher fares to those with a more elastic demand. b. charge higher fares to those with a less elastic demand. c. determine a fare for each passenger according to the costs of serving the passenger. d. charge everyone the same fare.
Economics
Define the following terms and explain their importance to the study of macroeconomics:
a. velocity b. equation of exchange c. monetarism d. automatic stabilizer
Economics