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Refer to the Given Data

Question 72

Multiple Choice

  Refer to the given data. For the $12 to $10 range of wage rates, labor demand is A) perfectly elastic. B) inelastic. C) unit elastic. D) elastic. Refer to the given data. For the $12 to $10 range of wage rates, labor demand is


A) perfectly elastic.
B) inelastic.
C) unit elastic.
D) elastic.

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