Ask Question
BusinessBusiness
1 September, 15:31

g If adult workers and teenagers are complements, the elimination of the minimum wage for teenage workers would cause the demand for adult workers to: A. increase. B. decrease. C. remain the same. D. None of the above is correct.

+3
Answers (1)
  1. 1 September, 15:59
    0
    A. Increase

    Explanation:

    The elimination of minimum wage, means that the wage or "price" for teenage workers will decrease.

    Next we can use the information that these type of workers are complements. Remembering that two goods are complements if the cross price elasticity is negative. This means that if the price of one good decreases the demand for the other will increase.

    Since the price for teenage workers decreased by the elimination of minimum wage that will make the demand for adult workers to increase.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “g If adult workers and teenagers are complements, the elimination of the minimum wage for teenage workers would cause the demand for adult ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Liquidity is all of my assets including land and other assets that are hard to sell True or False
Answers (1)
Suppose that there are only two people in an economy. Under the current income tax system, the marginal revenue of a 1% tax increase on Harry is $50 while the marginal revenue of a 1% tax increase on Sally is $30.
Answers (1)
Which if the following is not form of mass communication A.) newspaper B.) television C.) internet D.) job interview
Answers (2)
When a company uses LIFO for external reporting purposes and FIFO for internal reporting purposes, an Allowance to Reduce Inventory to LIFO account is used.
Answers (1)
Frazier's department store lowered the price on all women's coats by 15 percent. bonnie saw a coat she liked for $59.50. how much did the coat cost before frazier's lowered the price?
Answers (1)
New Questions in Business
What happens when you do not make a decision?
Answers (1)
Ginny is a 26-year-old who lost her job as a copy editor for a local newspaper. She has spent the past few weeks out of work and interviewing for other editing jobs.
Answers (2)
What causes a change in the demand curve or a shift
Answers (2)
Glenda, a sales representative for revo appliances inc., had to deliver a presentation on her company's latest offering: an innovative food processor. her target clients were senior managers and chefs from a reputed restaurant.
Answers (1)
To discover the extent to which economic status can be used to predict political preferences?
Answers (1)
Home » Business » g If adult workers and teenagers are complements, the elimination of the minimum wage for teenage workers would cause the demand for adult workers to: A. increase. B. decrease. C. remain the same. D. None of the above is correct.
Sign Up Forgot Password?