State whether you agree or disagree with each of the following statements. If you agree with the statement, explain why you agree, and if you disagree, explain why you disagree (include the correct statement in your answer). I encourage you to illustrate your answers using diagrams where appropriate. a) In perfectly competitive markets the long-run labour demand curve is less elastic than the short-run labour demand curve. b) Becauseinputstendtobespecialized,ProductionPossibilityFrontiersareconcavewith respect to the origin. c) The labour demand curve in an industry that is characterized by monopoly is less elastic than that of an industry characterized by competition