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The elasticity of labor supply measures the Multiple Choice Magnitude of the substitution effect of labor. Opportunity cost of labor. Responsiveness of the wage rate
The elasticity of labor supply measures the
Multiple Choice
- Magnitude of the substitution effect of labor.
- Opportunity cost of labor.
- Responsiveness of the wage rate to changes in the labor supplied.
- Responsiveness of labor supplied to changes in the wage rate.
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Microeconomics
Authors: Roger A. Arnold
12th Edition
1285738306, 978-1285738307
