Multiple Choice
If the quantity of steel workers demanded falls from 30,000 to 20,000 when the equilibrium wage increases from $9.00 per hour to $11.00 per hour,then the own-wage elasticity of demand for these workers is
A) -2.0.
B) -0.5.
C) -0.4.
D) -0.2.
Correct Answer:
Verified
Correct Answer:
Verified
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