Question 0

In which situation is it likely that the demand for labour would be inelastic?

  • A.Labour and capital are close substitutes
  • B.Labour costs are only a small proportion of total costs
  • C.Demand for the final product that the labour produces is elastic
  • D.A large quantity of unemployed labour is available in the economy
  • E.
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
2015
Question no.
#0
Type
Objective

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