February 27, 2017

Homework Help: Economics Quick Question

Posted by Taylor on Monday, May 11, 2009 at 5:00pm.

I'm going to type part of this passage and you have to fill in the blank. Could you check my answer here are the words that may go in that blank.

elasticity shortage
equilibrium price supply
productivity surplus
profit techonology

Passage: Let's start with that part time job at McDonalds. You may find that at different times of the year, you may be offered lower or higher wages. For example, during the school year you may be offered higher wages. Why would this be? Let's think. Who is the bulk of the company's workforce? Teenagers who make up a large portion of the labor force, must limit the amount of time they work because of school. This means that McDonald's labor ------------------ is limited.

Answer: Is the answer supply???

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