Other Things Being the Same, If the Demand for Labor

question 126

Multiple Choice

Other things being the same, if the demand for labor is inelastic,

• A) decreases in wage rates will result in greater payrolls.
• B) increases in wage rates will result in greater payrolls.
• C) increases in wage rates will result in smaller payrolls.
• D) decreases in wage rates will increase both employment and worker incomes.

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Definitions:

Receptor Site

Specific locations on the surface of a cell or within a cell that are sensitive to neurotransmitters or hormones, allowing for cellular communication.

Voltage Shift

A change in the electrical potential across a membrane, often referring to neurons or muscle cells.

Inhibitory

Pertaining to a process that restrains or suppresses physiological action or behavior, such as inhibitory neurotransmitters in the nervous system.

Excitatory

Pertaining to or causing excitation, often used in the context of neurotransmitters that increase the likelihood of a neuron firing an action potential.