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Suppose That a Union Successfully Negotiated a 10 Percent Wage

Question 53

Multiple Choice

Suppose that a union successfully negotiated a 10 percent wage increase and the quantity of labor demanded increased by 10 percent. We can conclude that


A) the labor demand curve must have independently shifted to the right.
B) labor demand is highly elastic.
C) the coefficient of labor demand elasticity is less than 1.
D) labor demand is unit-elastic.

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