Problem
Discuss what the four propositions derived in question 1 (Marshall's laws of derived demand) tell us about the factors likely to influence the relative success or failure of unions in attaining wage increases for their members without causing substantial job losses.
Question
What is the relationship between
(a) the elasticity of factor substitution and the elasticity of demand for labour?
(b) the elasticity of demand for the product and the elasticity of demand for labour?
(c) the ratio of labour costs to total costs and the elasticity of demand for labour?
(d) the elasticity of supply of other inputs and the elasticity of demand for labour?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.