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Which of the following events will tend to increase the wage elasticity of labour demand? Group of answer choices The supply of capital, substitute factor,
Which of the following events will tend to increase the wage elasticity of labour demand? Group of answer choices The supply of capital, substitute factor, becomes almost vertical. The share of labour costs among all costs of production rises. The price elasticity of demand for the output that the workers make becomes very inelastic. The firm is no onger maximizing its profits. It becomes more difficult to substitute between capital and labour
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