The own-wage elasticity of demand measures
A) change in wages divided by change in quantity of labor demanded.
B) change in quantity of labor demanded divided by change in wages.
C) percentage change in wages divided by percentage change in quantity of labor demanded.
D) percentage change in quantity of labor demanded divided by percentage change in wages.
Correct Answer:
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Q12: Along a straight-line demand curve for labor
A)
Q13: Own-wage elasticities of demand are
A) always positive.
B)
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Q19: Empirical estimates of cross-wage elasticities show that
A)
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