Multiple Choice
Which of the following statements is true?
A) The lower the elasticity of demand for cars, the higher the elasticity of demand for the workers that produce cars.
B) The higher the elasticity of demand for cars, the lower the elasticity of demand for the workers that produce cars.
C) The lower the elasticity of demand for cars, the lower the elasticity of demand for the workers that produce cars.
D) The fewer the substitute factors for union labor, the higher the elasticity of demand for union labor.
Correct Answer:
Verified
Correct Answer:
Verified
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