a. Once again: Why does the text say that elaticity 5 escape? (This is worth remembering: Elasticity

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a. Once again: Why does the text say that elaticity 5 escape? (This is worth remembering: Elasticity is one of the toughest ideas for most economics students.)

b. Which two groups of workers did we say have a relatively high elasticity of labor supply? Keep this in mind as politicians debate raising or lowering taxes on different types of workers: These two groups are the ones most likely to make big changes in their behavior. pg69

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Modern Principles Of Economics

ISBN: 9781429239974

2nd Edition

Authors: Tyler Cowen, Alex Tabarrok

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