Which of the Following Will Lead to a Relatively Inelastic

question 80

Multiple Choice

Which of the following will lead to a relatively inelastic industry demand for labor?

• A)An increase in the use of the fixed input
• B)An increase in the wage rate
• C)A relatively inelastic demand for the output
• D)A reduction in the price of output

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Definitions:

Stress Response

The body's reaction to a perceived threat or challenge, involving physiological and psychological changes.

Sympathetic Nervous System

The nerve fibers of the autonomic nervous system that quicken the heartbeat and produce other changes experienced as arousal and fear. One of the two major routes by which the brain and body produce arousal and fear.

Parasympathetic Nervous System

The nerve fibers of the autonomic nervous system that help return bodily processes to normal.

Cortisol System

The body's stress response system, governed by the adrenal cortex, releasing cortisol, a hormone involved in stress response and metabolism regulation.