The following data for 6 months was collected from a factory.
Select the correct set of high and low months.
Definitions:
Elastic Supply
A scenario in which the amount of a product available for sale markedly changes in response to its price adjustments.
Social Security Tax
A tax levied on both employers and employees to fund the Social Security program, which provides benefits to retirees, disabled workers, and survivors of deceased workers.
Withholding Rate
The percentage of an employee's income that an employer holds back for tax purposes before paying the employee.
Labor Elasticity
The responsiveness of the quantity of labor supplied or demanded to changes in wages or employment conditions.
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