In which situation is it likely that the demand... - JAMB Economics 2015 Question
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
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Correct Option: B
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