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Please answer all questions estion 10 tyet swered As a students of microeconomics, you know that the minimum salary to be paid to an employee
Please answer all questions
estion 10 tyet swered As a students of microeconomics, you know that the minimum salary to be paid to an employee is fixed by the government of Oman. This is an example of arked out of 0 a. None of these Flag question O b. Price floor Oc Maximum price O d. Price ceiling Which statement is the best explanation: why the commodity "fish" has elastic demand? Not yet answered Marked out of 1.00 Flag question O a. 10% change in its price results in 15% change in demand O b. 10% change in its price results in 0% change in demand Oc 10% change in its price results in 10% change in demand d. 10% change in its price results in 5% change in demand Question 32 Not yet answered Which of the following must remain the same while defining the Law of Supply? Nariced out of O a. All of these Flag question O b. Price of other commodities c Price of factors d. Technology Question 43 Which of the following is a normative statement? Not yet answered O a. All of these Marked out of 7.00 O b. The unemployment rate increased last month Flag question O c. The unemployment rate is too high O d. 40% of the public believes that the unemployment rate is too highStep by Step Solution
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