A. Deadweight loss. B. Producer surplus. C. Consumer surplus.
单项选择题An analyst does research about price elasticity of demand and determines that when the price of a product increases from $15 to $17, the quantity demanded decreases from 51 units to 45 units. The product's price elasticity of demand is best described as:()
A. inelastic. B. unit elastic. C. elastic.
单项选择题An analyst does research about demand for labor. All else remaining the same, a firm's demand curve for labor will least likely shift in response to a change in the:()
A. wage rate of labor. B. price of the firm's output. C. marginal product of labor.