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Question
As an Internet retailer, Luciana needs to find a location for her headquarters. If Luciana is primarily concerned with the cost of labor and wants to pay those she hires as little as possible, Luciana should establish her business in a(n)
a. location with a lot of good restaurants.
b. cold location in a rural area.
c. urban location that has a lot of crime.
d. rural location that has frequent wildfires and floods.
e. urban location with a lot of earthquakes.
Answer
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Related questions
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b. relatively unresponsive to a change in price.
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Price gouging laws will usually result in ________ the product in the distressed market.
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c. government setting up an agency to regulate supply of
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The economic entity most likely to engage in price gouging is
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Q:
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a. He or she will substitute away from the product.
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What is the long-run consequence of a price ceiling law?
a. A surplus will continue to exist and will grow larger over time.
b. A surplus will continue to exist and will grow smaller over time.
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Q:
Suppose Solomon lives in a community with no price controls. What do you expect will happen if his town borders a community where there is a binding price ceiling on most products?
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b. Prices in the legal market in the community with a binding price ceiling will fall.
c. There will be shortages in the community with a binding price ceiling.
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b. The binding price ceiling will discourage patients from obtaining the drugs they need.
c. The binding price ceiling will increase the likelihood that consumers will obtain needed drugs on the black market.
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Q:
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a. Demand for jelly will increase along with the price.
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e. The supply of jelly will decrease and the price will increase.
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Q:
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Q:
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