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Which of the Following Statements Is True of the Industry

Question 87

Multiple Choice

Which of the following statements is true of the industry demand for labor?


A) The lesser the elasticity of the final product,the higher the elasticity of the industry labor demand curve.
B) The longer the time period allowed for adjustment,the lesser the elasticity of the industry labor demand curve.
C) The lower the substitutability of inputs,the higher the elasticity of the industry labor demand curve.
D) The lower the supply elasticity of other inputs,the lesser the elasticity of the industry labor demand curve.

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