If labor is a small percentage of the total costs of an industry,this will tend to make the own-wage elasticity of labor demand
A) high.
B) low.
C) positive.
D) zero.
Correct Answer:
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Q5: Other things equal,an elastic demand for an
Q6: If the own-wage elasticity of demand for
Q7: Own-wage elasticity of labor demand tends to
A)
Q8: Moving from the upper to the lower
Q9: Cross wage elasticities of demand are
A) always
Q11: Empirical estimates of the short-run employment effects
Q12: Along a straight-line demand curve for labor
A)
Q13: Own-wage elasticities of demand are
A) always positive.
B)
Q14: If Industry A can substitute capital for
Q15: The own-wage elasticity of demand measures
A) change
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