The Price Elasticity of Demand for Labor Equals

question 360

Multiple Choice

The price elasticity of demand for labor equals

• A) the percentage change in the price of labor divided by the percentage change in the supply of labor.
• B) the change in the quantity demanded of labor divided by the change in the price of labor.
• C) the slope of the demand curve for labor.
• D) the percentage change in the quantity demanded of labor divided by the percentage change in the price of labor.

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