The Demand for Unskilled Workers Is Highly Price Elastic

question 71

Multiple Choice

The demand for unskilled workers is highly price elastic.This means that a tax imposed partly on unskilled workers and partly on their employers:

• A)will be paid primarily by the employers.
• B)will be paid primarily by the employees.
• C)will be equally paid by employers and employees.
• D)will be totally passed on to consumers.
• E)will be paid only by the employers.

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Definitions:

Monetary Price

The specific amount of money required to purchase a product or service.

Supply Chain Manager

A professional responsible for overseeing and managing a company's overall supply chain and logistics strategy to maximize efficiency and productivity.

Customer Relationship Management (CRM)

A technology-driven approach to managing a company's interactions with current and potential customers.

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