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If the Elasticity of Labor Is 0

Question 20

Multiple Choice

If the elasticity of labor is 0.60,a 15 percent increase in the wage rate will induce a


A) 9.0 percent decrease in the quantity of labor supplied.
B) 9.0 percent increase in the quantity of labor supplied.
C) 4.0 percent decrease in the quantity of labor supplied.
D) 4.0 percent increase in the quantity of labor supplied.

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