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1. (15 points) Explore the potential impact of the following on the wage elasticity of demand for labor. a. The imposition of a significant tariff
1. (15 points) Explore the potential impact of the following on the wage elasticity of demand for labor. a. The imposition of a significant tariff on imported automobiles effectively reducing the number and variety of imported autos available in the market b. Production is highly labor-intensive
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Microeconomics
Authors: Paul Krugman, Robin Wells
4th Edition
1464143870, 9781464143878
