Refer to Scenario 21-1. Based on the information above, what is the level of private saving in the economy?

Minority workers are hired less often, for fewer hours, for less desirable jobs, and at lower wages

Indicate whether the statement is true or false

If seller increases the price of the good and the total revenue increases, this implies that the demand for the product is inelastic.

Answer the following statement true (T) or false (F)