Labor Demand Is Less Elastic When

question 76

Multiple Choice

Labor demand is less elastic when:

• A) there are many substitutes for labor in the production process.
• B) the inputs that could be substituted for labor are relatively inexpensive.
• C) a large amount of labor is essential to the production process.
• D) the demand for output is more elastic.

---

Definitions:

Magma Movement

The flow or migration of magma through the Earth's crust, which can lead to volcanic eruptions when it reaches the surface.

Mid-ocean Ridge

A worldwide submarine mountain chain, developed through the action of plate tectonics.

Southeastern Asia

A geographic region consisting of countries situated to the southeast of Asia, including Indonesia, Thailand, and Vietnam.

Indian Ocean

The third largest ocean in the world, bounded by Africa to the west, Asia to the north, Australia to the east, and the Southern Ocean to the south.