An industry's demand curve tends to be more elastic than the sum of the individual firms' labor curves.

Name: An industry's demand curve tends to be more elastic than the sum of the individual firms' labor curves.
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The demand curve for an entire industry is influenced by various factors such as substitutes, income levels of consumers, and overall market competition. Therefore, it tends to be more elastic than the individual labor curves of firms, which are related to their own production and costs.

An Industry's Demand Curve Tends to Be More Elastic Than