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) a decrease 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 costs to total costs.
Correct Answer:

Verified
Correct Answer:
Verified
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