determinate of the elastic demand for labour

Question 1

elasticity of demand for the product

Answer 1

higher demand for the product will increase the elasticity of demand for labour

Question 2

time

Answer 2

the longer time period the more elastic the demand curve as it is easier to subsitiue between factors of production and to change the contracts of workers

Question 3

availability of subsitiues

Answer 3

the greater the numbers of susbistues the more elastic the demand curve for example supermarket worker will be more elastic than a permishp football

if you can replace a good to capital it makes them more elastic

Question 4

labour as a proportion of total cost

Answer 4

if labour costs are insignificant as a proportion of total cost then increased wages will not impact on the firm making labour