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If the wage rate increases from $12 to $13 and, as a result, the quantity demanded of labor ...

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If the wage rate increases from $12 to $13 and, as a result, the quantity demanded of labor ...

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.

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Economics

Edition: 12^th

Author: Arnold

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Smart ... Thanks!

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Just got PERFECT on my quiz

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Thank you, thank you, thank you!

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