Minimum wage legislation

a. has little effect on university professors.
b. raises incomes of unskilled laborers who have jobs.
c. prevents some willing workers from getting jobs.
d. All of the above are true.

d

Economics

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What does unitary elastic demand mean?

What will be an ideal response?

Economics

Refer to the figure below. For demand curve D1, what is the price elasticity of demand when P = 12? 

A. 12 B. 6 C. 3 D. 4

Economics