Higher than average productivity growth in industry X would be least likely lead to relative employment growth in industry X if the demand for X is:

Question

Quizplus · Accepted Answer

If demand for X is both price and income inelastic, it means that changes in price or income do not significantly affect the quantity demanded. Therefore, even if productivity in industry X increases, leading to potentially lower prices or higher incomes, the demand for products from industry X would not increase significantly. This would least likely lead to relative employment growth in industry X, as the demand for its products does not significantly change with changes in productivity.

Higher Than Average Productivity Growth in Industry X Would Be