menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics
  4. Exam
    Exam 27: Factor Markets: With Emphasis on the Labor Market
  5. Question
    If the Wage Rate Increases from $9 to $10 And,as
Solved

If the Wage Rate Increases from $9 to $10 And,as

Question 158

Question 158

Multiple Choice

If the wage rate increases from $9 to $10 and,as a result,the quantity demanded of labor decreases from 400 workers to 350 workers,then the absolute value of the elasticity of demand for labor is


A) 0.789.
B) 2.300.
C) 0.435.
D) 1.267.
E) 3.791.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q30: Which of the following statements is false?<br>A)The

Q47: Suppose there are two labor markets, A

Q133: The firm's factor demand curve is the<br>A)MRP

Q141: For wage rates to be the same

Q153: Exhibit 27-7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2061/.jpg" alt="Exhibit 27-7

Q156: Exhibit 27-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2061/.jpg" alt="Exhibit 27-5

Q159: If MRP = VMP = MFC =

Q162: A price searcher (monopolist, monopolistic competitor, etc.)

Q163: Exhibit 27-l<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2061/.jpg" alt="Exhibit 27-l

Q184: The market demand curve for labor is

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines