What Will the Elasticity of Resource Demand Be If Unit

question 325

Multiple Choice

What will the elasticity of resource demand be if unit wages rise by 8 percent and the number of employed workers falls by 5 percent?

• A)4
• B)2.9
• C)1.61
• D)0.63

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Definitions:

Diabetic Chronic Kidney Disease

A long-term kidney condition characterized by decreased kidney function that occurs as a complication of diabetes.

Diabetes Mellitus

A chronic systemic disease that causes the body to improperly metabolize carbohydrates, proteins, and fats.

Type 1

Often referring to Type 1 diabetes, an autoimmune condition where the pancreas produces little or no insulin.

Renal Calculi

Also known as kidney stones, these are hard deposits made of minerals and salts that form inside the kidneys and can cause pain and urinary problems.