Which of the following statements about elasticity of supply is true?
a. Elasticity of supply is always unity.
b. Elasticity of supply is always zero.
c. Elasticity of supply is always negative.
d. Elasticity of supply is always positive.
D
Economics
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Which of the following statements is true of minimum wages?
A) Minimum wages are sometimes referred to as wage ceilings. B) No state in the U.S. economy has ever enforced a minimum wage. C) Minimum wages are normally set above the labor market clearing wage rate. D) Minimum wages benefit firms and producers.
Economics
Aggregate concentration can be interesting political effects more than for economic effects
Indicate whether the statement is true or false
Economics