If the price elasticity of supply coefficient is greater than one, then supply is:

If an increase in the government-imposed minimum wage pushes the price (wage) of unskilled labor above market equilibrium, which of the following will most likely occur in the unskilled labor market?

If the marginal cost of the 100th unit is $3.25, the total cost of producing 100 units is $825, and the fixed cost is $500, 

If a chemical factory causes noxious fumes to be emitted in the neighborhood, a third party would be:

Variable inputs are defined as any resource that:

External benefits cause the market to:

Exhibit 5-6 Demand curve for concert tickets ​ In Exhibit 5-6, if promoters lower their ticket price from $30 to $20, then:

Price ceilings set below the equilibrium create:

If the price elasticity of demand for football tickets is estimated to be 4.5, then a 10 percent increase in football ticket prices would be expected to cause a:

In Exhibit 3-7, if price happened to currently be $75 in this market, a _______ would result, causing a(n) __________ in price.