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The Wage Rate Increases 8 Percent, and the Quantity Demanded

Question 146

Multiple Choice

The wage rate increases 8 percent, and the quantity demanded of labor falls by 14 percent. The absolute value of the elasticity of demand for labor is


A) 0.57.
B) 1.75.
C) 0.25.
D) 5.00.
E) none of the above

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