The Elasticity of Demand for Labor in the Electric-Vehicle Battery

question 313

Multiple Choice

The elasticity of demand for labor in the electric-vehicle battery market will likely rise if

• A) the elasticity of demand for electric-vehicle batteries falls.
• B) labor's share of total production costs of electric-vehicle batteries is small.
• C) labor is the only variable factor of production due to time constraints.
• D) robots can easily be substituted in place of labor in electric-vehicle battery production.

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Definitions:

Transmission

Transmission, in the context of diseases, refers to the mechanisms through which an infectious agent is spread from one host to another.

Neurons

Specialized cells transmitting nerve impulses; the basic building blocks of the nervous system.

Branches

The divisions or subdivisions of a field or subject, such as the various branches of science or knowledge.

Neurons

Specialized cells of the nervous system that transmit signals between different parts of the body.