If the Wage Rate Increases from $15 to $17 And

question 143

Multiple Choice

If the wage rate increases from $15 to $17 and, as a result, the quantity demanded of labor decreases from 700 workers to 650 workers, then the absolute value of the elasticity of demand for labor is

• A)0.78.
• B)2.30.
• C)4.50.
• D)0.22.
• E)1.56.

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Definitions:

Peristalsis

The wave-like muscle contractions that move food through the digestive tract.

Continuous Capillaries

Microscopic blood vessels with uninterrupted endothelial linings, allowing for the controlled exchange of substances.

Fenestrated Capillaries

These are specialized capillaries with pores in their endothelial lining, allowing for the efficient exchange of larger molecules like proteins.

Endothelial Cells

Cells that constitute the lining of the inner surfaces of lymphatic and blood vessels, creating a barrier between the blood or lymph flowing within the lumen and the exterior of the vessel wall.