4A. Construct a labor market with perfectly inelastic demand that is kinked at wage w*. 4B. Construct a labor market with perfectly inelastic supply that is kinked at wage w*. 4C. Construct a labor market with perfectly elastic supply that is double-kinked at wage w*.

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Chapter5: Elastic And Its Application
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Problem 5CQQ: An increase in the supply of a good will decrease the total revenue producers receive if a. the...
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4A. Construct a labor market with perfectly inelastic demand that is kinked at wage w*.

4B. Construct a labor market with perfectly inelastic supply that is kinked at wage w*.

4C. Construct a labor market with perfectly elastic supply that is double-kinked at wage w*.

Answer all otherwise dounvote

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