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    Principles of Microeconomics Study Set 10
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    Exam 18: The Markets for the Factors of Production
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    Labor Markets Are Different from Most Other Markets Because Labor
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Labor Markets Are Different from Most Other Markets Because Labor

Question 238

Question 238

Multiple Choice

Labor markets are different from most other markets because labor demand is


A) unresponsive to changes in wages.
B) unresponsive to changes in the final prices of the products produced by the labor.
C) a derived demand.
D) very responsive to labor supply.

Correct Answer:

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