Suppose the Own Wage Elasticity of Labor Is 0

question 14

Multiple Choice

Suppose the own wage elasticity of labor is 0.75%.What does this imply?

• A) The supply of labor is elastic.
• B) The supply of labor is inelastic.
• C) The demand for labor is elastic.
• D) The demand for labor is inelastic.
• E) The demand for labor is unitary elastic.

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