3.5 Elasticty Demand For Labour Flashcards by anila breznica | Brainscape

Q

What is elasticity of labour demand?

A

Measures the responsiveness of demand when there is a change in the wage rate

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Q

What changes the elasticity demand for labour?

A

labour costs as a % of total costs = high labour costs = them demand is more elastic
ease and costs of factor substitution =

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