Multiple Choice
Demand for labour is likely to be more wage inelastic if:
A) Labour is a large proportion of total costs.
B) Firms are labour intensive.
C) It is difficult to replace labour with machines.
D) Demand for the product is price elastic.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: Sometimes employees form organizations to represent and
Q2: An increase in the wage rate may
Q3: An increase in the wage rate may
Q5: Labour is a _ of production.<br>A) Force<br>B)
Q6: A reduction in benefits will:<br>A) Increase the
Q7: A fall in the wage rate:<br>A) Shifts
Q8: As the training period to qualify for
Q9: An increase in the demand for labour
Q10: An increase in the supply of labour
Q11: An increase in the wage rate will