The Demand for Labor Would Most Likely Become Less Inelastic

question 72

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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Definitions:

Extemporaneous Presentation

A speech or presentation delivered with little or no specific preparation, often structured around a brief set of notes or an outline.

Rehearse

The act of practicing a performance or activity ahead of time to ensure it is ready and polished.

Speaking Situation

A scenario in which an individual is required to speak in front of an audience, often to inform, persuade, or entertain.

Oral Presentation

A spoken presentation delivered to an audience for the purpose of sharing information, persuading, or teaching.