Solved

Employers Are Likely to Be Able to Pass on the Cost

Question 21

Multiple Choice

Employers are likely to be able to pass on the cost of a wage increase if they _____.


A) are in a competitive product market
B) are in a concentrated industry
C) are in a noncompetitive product market
D) sell products that have an elastic demand

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions