Examlex
When the price elasticity of demand is unitary and prices go down,total ________.
Labor Surplus
A labor surplus occurs when there are more workers available than jobs, leading to unemployment and underemployment.
Hiring Freeze
A temporary halt in the recruitment process of an organization aimed at reducing costs.
Pay Reduction
A decrease in the amount of money an employee is paid, often as a result of economic difficulties, performance issues, or restructuring within an organization.
Trend Analysis
The practice of collecting information and attempting to spot a pattern.
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