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1. What does this imply about the relationship between the elasticity of the product demand curve and the magnitude of the scale effect? What does this imply about the relationship between the elasticity of the product demand curve and the elasticity of the long-run labour demand curve?

2. Can aggregate labour demand curves bend backwards or slope upwards? Explain.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91563085

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