Juanita is a stay-at-home parent who lives in Detroit and provides math tutoring for extra cash. At a wage of $25 per hour, she is willing to tutor 6 hours per week. At $35 per hour, she is willing to tutor 16 hours per week. Using the midpoint method, the elasticity of Juanita's labor supply between the wages of $40 and $50 per hour is approximately , which means that Juanita's supply of labor over this wage range is:

i think it is sales-oriented, but i am not sure

answerbland allison silver purchase act);

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.