The price elasticity of demand for the final product, Business Economics

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The price elasticity of demand for the final product

The price elasticity of demand for the final product affects the own-wage elasticity of demand for labor by affecting the magnitude of:

A. the substitution effect that occurs in the labor market

B. the scale effect that occurs in the labor market.

C. both the substitution and scale effects.

D. neither the substitution nor the scale effects.

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Business Economics: The price elasticity of demand for the final product

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