Multiple Choice
If the quantity of auto workers demanded decreases from 66,000 to 54,000 when the equilibrium wage increases from $12.00 per hour to $14.00 per hour,then the own-wage elasticity of demand for these workers is
A) inelastic.
B) elastic.
C) zero.
D) neither elastic nor inelastic.
Correct Answer:
Verified
Correct Answer:
Verified
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