The cross-elasticity of labor with respect to capital is the
A) change in labor relative to a change in capital.
B) change in wages relative to a change in the price of capital.
C) percent change in labor relative to a percent change in capital.
D) percent change in wages relative to a percent change in the price of capital.
E) percent change in labor relative to a percent change in the price of capital.
Correct Answer:
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