Question
If the quantity of steel workers demanded falls from 20,000 to 10,000 when the equilibrium wage increases from $10.00 per hour to $12.00 per hour,
If the quantity of steel workers demanded falls from 20,000 to 10,000 when the equilibrium wage increases from $10.00 per hour to $12.00 per hour, then the own-wage elasticity of demand for these workers is
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Power And Plenty Trade, War, And The World Economy In The Second Millennium
Authors: R Findlay, Ronald Findlay
1st Edition
0691143277, 9780691143279
