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Home Q & A Board Other Fields Homework Help Business Economics
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prpnum1 prpnum1
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11 months ago

If the wage rate increases from $12 to $13 and, as a result, the quantity demanded of labor decreases from 400 workers to 380 workers, then the absolute value of the elasticity of demand for labor is



▸

0.78.



▸

2.30.



▸

0.435.



▸

0.64.



▸

1.56.

Textbook 
Economics

Economics


Edition: 12th
Author:
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rpascuarpascua
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#1
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11 months ago
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prpnum1 Author
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11 months ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
lolaww
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Yesterday
Thank you, thank you, thank you!
Hellish Lover
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2 hours ago
Brilliant ツ
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