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Refer to the Given Data

Question 253

Multiple Choice

Refer to the given data. For the $16 to $14 range of wage rates, labor demand is A) perfectly elastic. B) elastic. C) unit elastic. D) inelastic. Refer to the given data. For the $16 to $14 range of wage rates, labor demand is


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

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