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Table 2 shows the demand for baristas in at a local cafe. Points Wage(s) Number of hours A 20 5 B 15 8 10 10
Table 2 shows the demand for baristas in at a local cafe. Points Wage(s) Number of hours A 20 5 B 15 8 10 10 D 8 12 E 5 14 Fill in the blanks. A $5 decrease in wages when the base is $20 represents a percent reduction in wages, while an addition of 3 hours when the starting point is 5 hours represents a percent increase in demand. Demand at point A is O a. 25, 60, elastic O b. 75, 40, inelastic O c. 75, 40, elastic O d. 25, 60, inelastic QUESTION 12 Refer to Table 2. A $2 decrease in wages when the base is $10 represents a percent reduction in wages, while an addition of 2 hours when the starting point is 10 hours represents a percent increase in demand. Demand at point Cis O a. None of the above Ob. 20, 20, inelastic c. 20, 20, elastic O d. 20, 20, unitary elastic
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