The Demand for Labor Would Most Likely Become Less Inelastic

question 66

Multiple Choice

The demand for labor would most likely become less inelastic as a result of

• A) a decrease in the elasticity of the demand for the product that the labor produces.
• B) a decrease in the time for employers to make technological changes or purchase new equipment.
• C) a decrease in the proportion of labor costs to total costs.
• D) an increase in the proportion of labor cost to total costs.

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