Wage Rate Quantity of Labor Demanded $16 800

question 130

Multiple Choice

Wage Rate Quantity of Labor Demanded $16 800
14 1,000
12 1,200
10 1,600
8 1,800
Refer to the given data.For the $16 to $14 range of wage rates, labor demand is

• A)perfectly elastic.
• B)elastic.
• C)perfectly inelastic.
• D)inelastic.

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