The elasticity of demand for a normal good:
a. is often higher in the short run than in the long run.
b. is often lower in the short run than in the long run.
c. is the same in the short run as in the long run

In the case of a short-run production function:

A) all of the inputs are variable. B) the amount of labor employed is held constant. C) at least one of the inputs is fixed. D) all of the inputs are fixed.

Why is the unemployment rate among teenage workers so much higher than other workers?

a. They have little education. b. They take unskilled jobs. c. They are the first laid off when the economy slows down. d. All of the above are reasons why the unemployment rate is so much higher among teenagers.