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Scenario 7.1
Of 1,350 people surveyed, 318 are not working.
The status of those not working is as follows:
122 full-time students
29 discouraged workers
18 in long-term-care facilities
21 seeking employment and age 16 or older
50 retirees
63 under age 16
15 working in the underground economy and not looking for a "real" job
Eight of those working were under 16 years of age.
-Refer to Scenario 7.1. According to the data provided, the number of workers officially unemployed is:
Price Elasticity
A measure of how the quantity demanded of a good changes in response to a change in its price.
Gas Sales
The commercial activity of selling gaseous fuels, such as natural gas or propane, to consumers.
Convenience Store
A small retail business that stocks a range of everyday items like groceries, snack foods, and household goods, often operating for extended hours.
Own Price Elasticity
Own price elasticity measures the responsiveness of the quantity demanded of a good to a change in its own price.
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