Use the Following to Answer Questions

question 5

Multiple Choice

Use the following to answer questions :
Figure 13-2
-In Figure 13-2, how much labor would be supplied in the market for black male jobs once discrimination disappeared?

• A)0
• B)3
• C)6
• D)8.67
• E)none of the above

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Definitions:

Cross-Price Elasticity of Demand

A measure of how much the quantity demanded of one good responds to a change in the price of another good.

Quantity Purchased

The total amount of a good or service bought by consumers at a specific price level.

Income Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in consumers' income, holding everything else constant.

College Income

The earnings received from work or investments by someone who is attending college or the revenue generated by colleges through tuition, donations, and grants.