Multiple Choice
Which of the following statements is true?
A) The market demand for labor is the horizontal "addition" of the firms' demand curves for labor.
B) The elasticity of demand for labor is the percentage change in quantity demanded of labor divided by the percentage change in wage rate.
C) The factor demand curve will shift to the right if the price rises for the good the factor goes to produce.
D) b and c
E) a, b, and c
Correct Answer:
Verified
Correct Answer:
Verified
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