The Best Explanation for the Difference in Real Earnings Between

question 162

Multiple Choice

The best explanation for the difference in real earnings between popular singers in the early 1900s and today is that

• A) singers today are more talented.
• B) singers today can reach a much larger audience.
• C) singers of yesteryear did not have aggressive agents.
• D) labour unions for singers were formed.
• E) the elasticity of demand for singers is much smaller today.

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