Question
Suppose the wage for textile manufacturing workers rises from $9 to $11 per hour, and employment of textile manufacturing workers falls from 680 to 500
Suppose the wage for textile manufacturing workers rises from $9 to $11 per hour, and employment of textile manufacturing workers falls from 680 to 500 hours per week.
Is the own-wage elasticity of demand for textile manufacturing workers elastic, inelastic, unit elastic, perfectly elastic, or perfectly inelastic?
Group of answer choices
perfectly inelastic
perfectly elastic
elastic
inelastic
unit elastic
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International Management Culture, Strategy and Behavior
Authors: Fred Luthans, Jonathan Doh
10th edition
1259705072, 1259705076, 978-1259705076
