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1.Which of the following BEST describes the price elasticity of demand of a downward sloping demand curve? ADecreasing elasticity of demand as price decreases B.The

1.Which of the following BEST describes the price elasticity of demand of a downward sloping demand curve?

ADecreasing elasticity of demand as price decreases

B.The same elasticity of demand throughout

C. Increasing elasticity of demand as price decreases

D Unitary elasticity of demand throughout

2.Which oft he following influence the labour force participation rate?.

i Total Population

ii.Demand for labour

iii.Change in attitudes

A. I and II only

B.I and III only

C. II and III only

D. I, II and III

The MRP curve slopes downward because

A . will pay more to attract factors from other uses

B. less of a factor is demanded at a lower price

C.more of a factor is demanded at a lower price

D.the marginal physical product is constantly falling

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