QUESTION 3 4 point Which of the following is most likely an example of the division of labor? O It is easier to be a wheat farmer in North Dakota than in Florida. O If you live in or near a big city, it is easier to attract enough customers to operate a successful dry- cleaning business or movie theater than if you live in a sparsely populated rural area. A restaurant divides up the task of serving meals into a range of jobs like top chef, sous chefs, less-skilled kitchen help, and servers to wait on the tables. Only those with medical degrees qualify to become doctors. QUESTION 4 4 points If the price elasticity of demand is 4 and the price of migraine medicine increases by 6%, what will be the percentage change in quantity demanded? O 6% O 4% O 24% O 67%