At a Price of $5/hour,Bob Wants to Hire Three Workers

question 143

Multiple Choice

At a price of $5/hour,Bob wants to hire three workers.When the price rises to $7/hour,Bob wants to hire only two workers.Bob's price elasticity of demand for workers is:

• A) -0.83.
• B) -1.20.
• C) -0.33.
• D) -0.40.
• E) -0.10.

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