Which of the following is not held constant along a firm's demand curve for labor?
A) the quantity of other inputs used by the firm B) the price of the product produced by the firm
C) the wage rate D) changes in technology
C
Economics
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If price is cut and demand is elastic, total revenue will rise because
A) the change in quantity demanded is greater than the percent change in price. B) the percent change in quantity demanded is greater than the change in price. C) the percent change in quantity demanded is greater than the percent change in price. D) customers can't find substitutes.
Economics
A tax on sellers usually causes buyers to pay more for the good and sellers to receive less for the good than they did before the tax was levied
a. True b. False Indicate whether the statement is true or false
Economics