Which of the following is likely to cause a rise in the wage rate and a decrease in the number of workers hired in a garage?
A) The shutdown of a nearby garage
B) A decrease in the price of the services provided by the garage
C) An increase in the price of the services provided by the garage
D) The opening of a new garage nearby that offers higher wages to its workers
D
Economics
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A consumption tax generally will be borne according to labor earnings.
A. True B. False C. Uncertain
Economics
Suppose the accompanying figure illustrates the demand curve facing a monopolist.
If the monopolist decreases its price from $12 to $10, its total revenue will ________.
A. increase by $1,000 B. decrease by $1,000 C. decrease by $600 D. increase by $600
Economics