City councilwoman has proposed amending the living wage law. she suggests reducing the minimum wage to $6 per hour. assuming that the labor demand and supply curves were to remain in their present positions, how many people would be unemployed at a $6 minimum wage?

Agood for which demand increases as income rises is and a good for which demand increases as income falls is

By 2020, automobile market analysts expect that the demand for electric autos will increase as buyers become more familiar with the technology. however, the costs of producing electric autos may increase because of higher costs for inputs (e.g., rare earth elements), or they may decrease as the manufacturers learn better assembly methods (i.e., learning by doing). what is the expected impact of these changes on the equilibrium price and quantity for electric autos?

The servers at gerry frasier's busy ice cream shop decided that putting more ice cream in the sundaes and cones would bring back more customers. after three months, gerry was surprised to discover that his profit had