The Elasticity of Demand for Labour with Respect to Wages

question 30

Multiple Choice

The elasticity of demand for labour with respect to wages will be higher:

• A) the lower the price elasticity of demand for the product it produces
• B) the lower the price elasticity of supply for capital
• C) the fewer the choices of production technology available
• D) the more labour intensive the product it produces

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Coping Strategy

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