Democrats argue that labor demand is ________,so ________ jobs will be lost when the minimum wage is raised.
A)inelastic;few
B)inelastic;many
C)elastic;few
D)elastic;many

Question

Quizplus · Accepted Answer

Democrats typically argue that labor demand is inelastic, meaning that a change in wages (such as an increase in the minimum wage) will not lead to a significant change in the quantity of labor demanded. Therefore, they argue that few jobs will be lost as a result of raising the minimum wage.

Democrats Argue That Labor Demand Is ________,So ________ Jobs Will

Democrats Argue That Labor Demand Is ,So Jobs Will