In the short run, when labor is the only variable factor of production, demand for labor tends to be more elastic.

Name: In the short run, when labor is the only variable factor of production, demand for labor tends to be more elastic.
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In the short run, when labor is the only variable factor of production, the demand for labor tends to be less elastic because firms have less flexibility to substitute other factors of production for labor.

In the Short Run, When Labor Is the Only Variable