All of the following affect the demand elasticity for labor EXCEPT
A) final product income elasticity.
B) ease of substitution of labor for other inputs.
C) final product price elasticity.
D) labor costs as a portion of total cost.
A
Economics
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Which of the following will most likely accompany an unanticipated reduction in aggregate demand?
a. an increase in the general price level b. an increase in unemployment c. an increase in real GDP d. an increase in resource prices
Economics
Demand takes into account goods, but not services
Indicate whether the statement is true or false
Economics