Question
1. (i) It would be incorrect to say that an industry's labor demand curve is simply the horizontal sum of the demand curves of the
1. (i) "It would be incorrect to say that an industry's labor demand curve is simply the horizontal sum of the demand curves of the individual firms." Explain. (4 marks)
(ii) Under what conditions, the demand cure for labor is more elastic. (3.5 marks)
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International Economics
Authors: Thomas A. Pugel
15th edition
73523178, 978-0077769529, 007776952X, 978-0073523170
