<span>market equilibrium wage for entry-level fast-food workers = $10 per hour
</span><span>minimum wage = $8 per hour
</span><span>impact does the minimum wage have in this industry = ?
</span>whatever the minimum wage will be, it will have no effect on this market. <span>The condition when labor </span>market<span> is in </span>equilibrium<span> is when supply equals demand.</span>
Answer:
b. elastic, and her demand curve would be relatively flat.
Explanation:
he elasticity of demand is a term that describes the degree of responsiveness of demand due to changes in price. Elastic demand is when demand for a good or service is sensitive to changes in price. A small change in price results in a significant change in the quantity demanded.
Maxine has elastic demand for chai tea. A small decrease in the price of $1 ( 20 percent ) causes the demand to rise by 50 percent. The demand curve for an elastic product is relatively horizontal. It may be referred to as flat. The price is indicated on the Y-axis and the quantity of the X-axis. A small movement of the Y-axis big reaction on the X-axis tilting the demand curve to a horizontal shape.
Answer:
3.6%
Explanation:
965x = 1000
x = 1.03626
That’s an interest rate of 3.6%.
Answer:
The answer is "True".
Explanation:
Please find the complete question in the attached file.
It implies that its price of the bond is 101-16, which is to say
Each bond is thus stated as 
face value
That's why this statement is true.
