The Cross-Elasticity of Labor with Respect to Capital Is the

question 23

Multiple Choice

The cross-elasticity of labor with respect to capital is the

• A) change in labor relative to a change in capital.
• B) change in wages relative to a change in the price of capital.
• C) percent change in labor relative to a percent change in capital.
• D) percent change in wages relative to a percent change in the price of capital.
• E) percent change in labor relative to a percent change in the price of capital.