The price elasticity of demand for labor equals
A) the percentage change in the price of labor divided by the percentage change in the supply of labor.
B) the change in the quantity demanded of labor divided by the change in the price of labor.
C) the slope of the demand curve for labor.
D) the percentage change in the quantity demanded of labor divided by the percentage change in the price of labor.
D
Economics
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The competitive firm's long-run supply curve is that portion of the marginal cost curve that lies above average
a. fixed cost. b. variable cost. c. total cost. d. revenue.
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The increase in immigration of workers into the United States would be an example of a(n):
A. Trade flow B. Financial flow C. Information flow D. Resource flow
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