Using the data in the table above, when the price of a skirt rises from $20 to $35, what is the price elasticity of demand? (Use the midpoint method.)

Which of the following might increase the supply curve of labor?

a. Increasing licensing requirements. b. Increasing discrimination against females. c. Increasing discrimination against blacks. d. All of the above. e. None of the above.

An increase in real output (goods and services) is the only explanation for an increase in nominal GDP

Indicate whether the statement is true or false