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Another Way to Think of How Virtual Reality Is Used

question 18

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Another way to think of how virtual reality is used in product development is:

Recognize the relationship between the elasticity of product demand and labor demand.
Analyze the impact of technological changes on labor demand for specific occupations.
Comprehend the effects of wage increases on employment levels and total wage payments in different elasticity scenarios.
Understand the impact of labor cost proportion on the elasticity of labor demand.

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