All of the following make the demand for labor more elastic EXCEPT
A) greater elasticity of demand for the final product.
B) the longer the time period under consideration.
C) the smaller the proportion of total costs accounted for by labor.
D) the easier it is to substitute another input for labor.
Correct Answer:
Verified
Q192: A 10 percent increase in the wage
Q193: We would expect that a rise in
Q194: The price elasticity of demand for labor
Q195: Suppose there are 100 firms in a
Q196: We would expect unions to have a
Q198: Which of the following statements is TRUE?
A)
Q199: The price elasticity of demand for labor
Q200: Iron is required to make steel. Hence,
Q201: "The market demand curve for labor is
Q202: ![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents