What Will the Elasticity of Resource Demand Be If Unit

question 265

Multiple Choice

What will the elasticity of resource demand be if unit wages rise by 5 percent and the number of employed workers falls by 9 percent?

• A)3.00
• B)2.36
• C)0.56
• D)1.80

---

Definitions:

Genuine Consent

An agreement or approval provided freely and willingly without any form of coercion, pressure, or undue influence.

Annulment

A court decree that invalidates (nullifies) a marriage. Although the marriage itself is deemed non-existent, children of a marriage that is annulled are deemed legitimate.

Terminated

Ended or concluded, often used in the context of employment to indicate that a worker's job position has been ended by the employer.

Notary Public

A public official authorized to witness the signing of legal documents and administer oaths, to help prevent fraud.