Multiple Choice
When the labor supply curve is inelastic:
A) the percentage change in the quantity of labor supplied exceeds the percentage change in the wage.
B) the percentage change in the quantity of labor supplied is less than the percentage change in the wage.
C) the percentage change in the quantity of labor supplied equals the percentage change in the wage.
D) employers cannot lower wages without losing all their workers.
Correct Answer:
Verified
Correct Answer:
Verified
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