Fast-food outlets in Newtown hire teenagers and seniors. Newtown becomes a major tourist center attracting thousands of additional visitors every day. 1) The_______labor in the fast-food market_____________ A. supply of decreases B. demand for increases C. supply of decreases D. demand for decreases; 2) The wage rate________and the number of fast-food workers employed_____ A. rises; decreases B. rises; increases C. falls, decreases D. falls, increases

Fast-food outlets in Newtown hire teenagers and seniors. Newtown becomes a major tourist center attracting thousands of additional visitors every day. 1) The_labor in the fast-food market___ A. supply of decreases B. demand for increases C. supply of decreases D. demand for decreases; 2) The wage rateand the number of fast-food workers employed_ A. rises; decreases B. rises; increases C. falls, decreases D. falls, increases

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 2CQQ

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Question

Fast-food outlets in Newtown hire teenagers and seniors.

Newtown becomes a major tourist center attracting thousands of additional visitors every day.

1) The_______labor in the fast-food market_____________

A. supply of decreases

B. demand for increases

C. supply of decreases

D. demand for decreases;

2) The wage rate________and the number of fast-food workers employed_____

A. rises; decreases

B. rises; increases

C. falls, decreases

D. falls, increases

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