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Which of the following statements concerning the elasticity of labour supply is true? a. The total wage elasticity of supply tends to be positive and
Which of the following statements concerning the elasticity of labour supply is true? a. The total wage elasticity of supply tends to be positive and of low magnitude. b. None of these above statements are true c. Overall workers tend to be highly responsive to wage changes d. The compensated elasticity of supply is close to zero e. The income elasticity of supply tends to be positive and of low magnitude
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