All of the following will shift the labor supply curve except
A) an increase in labor force participation rate among women.
B) a change in a country's immigration policy.
C) an increase in the average age of retirement.
D) an increase in the wage rate.
D
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The percentage change in quantity demanded of a good divided by the percentage change in income of the consumers gives the: a. price elasticity of demand of the good. b. price elasticity of supply of the good
c. income elasticity of demand of the good. d. income elasticity of supply of the good.
If the price level in the current period is higher than what buyers and sellers anticipated,
a. profit margins will be unattractive and firms will expand output. b. profit margins will be unattractive and firms will reduce output. c. profit margins will be attractive and firms will expand output. d. profit margins will be attractive and firms will reduce output.