Consider the two examples of labour demand below. In which case is the wage elasticity of demand more elastic? Explain briefly. 1. The demand for physiotherapists, on the staffs of pro sports teams. 2. The demand for physiotherapists, at physiotherapy clinics.
Consider the two examples of labour demand below. In which case is the wage elasticity of demand more elastic? Explain briefly. 1. The demand for physiotherapists, on the staffs of pro sports teams. 2. The demand for physiotherapists, at physiotherapy clinics.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Consider the two examples of labour demand below. In which case is the wage elasticity of demand more elastic? Explain briefly.
1. The demand for physiotherapists, on the staffs of pro sports teams.
2. The demand for physiotherapists, at physiotherapy clinics.
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