Multiple Choice
If labor is a small percentage of the total costs of an industry,this will tend to make the own-wage elasticity of labor demand
A) high.
B) low.
C) positive.
D) zero.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q34: When the minimum wage increased 10 percent,the
Q35: Industry A has own-wage elasticity of labor
Q36: Whether or not the cross-wage elasticity of
Q37: Which of the following factors would allow
Q38: A city mandates that all businesses who
Q40: Suppose that a 5% increase in carpenters'
Q41: The minimum wage is a relatively blunt
Q42: Some types of technological change (e.g.,mass production
Q43: The short run own-wage labor demand elasticity<br>A)
Q44: Since the minimum wage was first legislated,a