Examlex
Which of the following is not a potential problem of an extinction program?
Complementary to Labor
Refers to technology or tools that enhance the productivity of workers, increasing output.
Rapidly Declining Occupations
Jobs or professions experiencing a significant decrease in demand, often due to technological advancements, economic shifts, or changes in consumer preferences.
Output Effect
The output effect is the change in total revenue resulting from selling additional units of a product, considering the impact on price due to supply and demand.
Elastic Demand
A condition where the quantity demanded of a good or service is highly responsive to changes in its price.
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