Suppose That a Union Successfully Negotiated a 14 Percent Wage

question 103

Multiple Choice

Suppose that a union successfully negotiated a 14 percent wage increase and the quantity of labor demanded decreased by 10 percent. Given a fixed labor demand curve, we can conclude that

• A)the labor demand curve is upsloping.
• B)labor demand is elastic.
• C)labor demand is inelastic.
• D)the coefficient of elasticity of labor demand is equal to 1.

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