Multiple Choice
Labor union A faces a greater cutback in labor for a given wage increase than does labor union B. It follows that the
A) demand for workers in labor union A is greater than the demand for workers in labor union B.
B) elasticity of demand for workers in labor union B is greater than the elasticity of demand for workers in labor union A.
C) demand for workers in labor union B is greater than the demand for workers in labor union A.
D) elasticity of demand for workers in labor union A is greater than the elasticity of demand for workers in labor union B.
Correct Answer:
Verified
Correct Answer:
Verified
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