If the Demand for a Certain Type of Labor Is

question 152

Multiple Choice

If the demand for a certain type of labor is price elastic, a(n) _______ in its price (wage) will, all other things unchanged, _______ the quantity of that type of labor demanded by a _______ percentage than the percentage increase in price.

• A) decrease; reduce; greater
• B) increase; reduce; greater
• C) decrease; increase; smaller
• D) increase; increase; smaller

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