Question
3. True or false Minimum wage adversely affects unskilled workers who do not have work, aged 16 to 19. 4. Which of the following is
3. True or false
Minimum wage adversely affects unskilled workers who do not have work, aged 16 to 19.
4. Which of the following is a possible cause of an increase in the demand for health care?
Group of answer choices
a. A young population
b. Technological advancement
c. A fall in the total population of a country
d. An aging population
e. A fall in the purchasing power of households
5. In the United States, there is a federal minimum wage that is followed by each state.
true or false
8. If a 10 percent increase in price leads to a 20 percent increase in the quantity supplied, then the elasticity of supply is 0.5. true or false
11. As the price is raised along a straight-line demand curve, the demand curve becomes more elastic. true or false
14. For a given product, income elasticity of demand relates the percentage change in:
Group of answer choices
a. income to the percentage change in price.
b. quantity demanded to the absolute change in income.
c. income to the percentage change in quantity available for sale.
d. price to the absolute change in quantity demanded.
e. quantity demanded to the percentage change in income.
(no explanations needed as i have textbook)
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