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    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 16: Wages and Employment: Monopsony and Labor Unions
  5. Question
    When the Product Demand Is Inelastic, Labor Demand Is
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When the Product Demand Is Inelastic, Labor Demand Is

Question 61

Question 61

Multiple Choice

When the product demand is inelastic, labor demand is


A) low
B) high
C) elastic
D) inelastic
E) nonunion

Correct Answer:

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