Multiple Choice
The demand for labor would most likely become more elastic as a result of:
A) a decrease in the elasticity of the demand for the product that the labor produces.
B) an increase in the time for employers to make technological changes or purchase new equipment.
C) a decrease in the proportion of labor costs to total costs.
D) an increase in the proportion of labor cost to total costs.
Correct Answer:

Verified
Correct Answer:
Verified
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