Answer:
a) Hotel Rooms are inelastic because hotel rooms are fixed in supply and it take large amount of time to expand the number of rooms. (b) Taxi rides are elastic because the ride increase or decrease their duty time according to...
Explanation:
I believe it is the president that has the power to pass it or reject it.
Answer:
Suppose a bill is passed to make minimum hourly wage as $7.50, the implications would be that:
-If the minimum wage is set at $10.50, the market will not reach equilibrium.
-In the absence of price controls, a shortage puts upward pressure on wages until they rise to the equilibrium.
Therefore only the two above listed statements would be TRUE.
Answer:
vikings
Explanation:
they were the ones who explored the north atlantic ocean near their homeland
Answer:
Equilibrium = when supply is equal to demand.
Explanation:
