Multiple Choice
The demand for a certain occupation will be more inelastic:
A) if there are only a few workers eligible to work at this occupation.
B) the fewer substitutes there are available for this type of worker.
C) the more elastic the demand for the product that the workers produce.
D) the greater the percentage of total costs that labour costs make up.
Correct Answer:
Verified
Correct Answer:
Verified
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