If the U.S. dollar was worth 0.8 euros, and the dollar appreciated, it might now be worth:

Suppose that, at the market clearing price of natural gas, the price elasticity of demand is -1.2 and the price elasticity of supply is 0.6. What will result from a price ceiling that is 10 percent below the market clearing price?

A) A shortage equal to 1.8 percent of the market clearing quantity B) A shortage equal to 0.6 percent of the market clearing quantity C) A shortage equal to 18 percent of the market clearing quantity D) A shortage equal to 6 percent of the market clearing quantity E) More information is needed.

The long-run labor demand curve is relatively flatter than the short-run labor demand curve because, in the short run,

A) the wage rate is fixed. B) the firm cannot vary the amount of capital used. C) the firm is a price taker. D) All of the above.