At a Price of $1

question 10

Multiple Choice

At a price of $1.00,a local coffee shop is willing to supply 100 cinnamon rolls per day.At a price of $1.20,the coffee shop would be willing to supply 150 cinnamon rolls per day.Using the midpoint method,the price elasticity of supply is about

• A)0.45
• B)0.90
• C)1.11
• D)2.20

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Definitions:

Bracero Program

A series of agreements between the United States and Mexico, allowing short-term contract laborers from Mexico to work in the U.S. agricultural industries from 1942 to 1964.

Married Women

Women who are in a legal marital relationship; societal and legal rights and obligations can vary significantly depending on the location and time period.

Labor Force

The total number of people who are of working age, able and willing to work, including both the employed and those seeking employment.