Since women earn less on average than men, we would expect that the substitution effect of a wage change would be more likely to dominate for women and the income effect would be more likely to dominate for men

The supply of movie tickets at one theater's box office for this Saturday's 4:30 show of a new movie is

A) perfectly elastic until all seats are filled. B) unit elastic. C) perfectly inelastic. D) elastic.

Which of the following is not an advantage of starting a new business as a sole proprietorship?

A) separation of ownership and business liability B) limited control over the operation of the business C) the initial cost in setting up the business D) possibility of double taxation