The Greater the Elasticity of Demand for Labor, the

question 259

Multiple Choice

The greater the elasticity of demand for labor, the

• A) greater the price elasticity of demand for the final product.
• B) smaller the proportion of wage costs in the total cost of production.
• C) shorter the time period under examination.
• D) more difficult it is to employ substitute inputs in production.

---

Definitions:

Medial Rotation

A rotational movement towards the midline of the body.

Biceps Femoris

A muscle of the thigh that is part of the hamstring group, involved in knee flexion and thigh extension.

Popliteus

A small muscle located at the back of the knee joint, critical for unlocking the knee from a fully extended position.

Phalanges

The bones in the fingers and toes of the human body, essential for the movement of the digits.