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Sagot :
We can conclude that labor demand is unit elastic.
What is unit elastic demand for labor?
The elasticity of demand for labor measures how the quantity of labor demanded when there is a change in the wages of labor. The the elasticity of demad is unit elastic, it means that when the ratio of the percentage change in quantity demanded to the percentage change in wage is 1.
The elasticity of demand for labor = percentage change in quantity of labor demanded / percentage change in wages
10% / 10% = 1
Here are the options:
labor demand is highly elastic.
the coefficient of labor demand elasticity is less than 1.
labor demand is unit-elastic
To learn more about the elasticity of demand for labor, please check: https://brainly.com/question/23301086
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