When the price elasticity of demand for a good equals:O a. 1, the demand curve is horizontal.O b. 0, the demand curve is horizontal.O . 0, the demand curve is vertical.O d. 1, the demand curve is vertical.If the government of a country determines a very low minimum wage it will lead toO a. More number of employed people but with poor standard of livingO b. Export of goodsO c. More number of unemployed people with better standard of livingO d. None of these

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When the price elasticity of demand for a good equals: O a. 1, the demand curve is horizontal. O b. 0, the demand curve is horizontal. O c. 0, the demand curve is vertical. O d. 1, the demand curve is vertical.

When the price elasticity of demand for a good equals: O a. 1, the demand curve is horizontal. O b. 0, the demand curve is horizontal. O c. 0, the demand curve is vertical. O d. 1, the demand curve is vertical.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter10: Unemployment

Section: Chapter Questions

Problem 10PA

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Question

When the price elasticity of demand for a good equals:
O a. 1, the demand curve is horizontal.
O b. 0, the demand curve is horizontal.
O . 0, the demand curve is vertical.
O d. 1, the demand curve is vertical.
If the government of a country determines a very low minimum wage it will lead to
O a. More number of employed people but with poor standard of living
O b. Export of goods
O c. More number of unemployed people with better standard of living
O d. None of these

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