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ira [324]
3 years ago
9

At a price of $5/hour, bob wants to hire three workers. when the price rises to $7/hour, bob wants to hire only two workers. bob

’s price elasticity of demand for workers is:
Business
1 answer:
Rashid [163]3 years ago
7 0
$5 per worker
5*3=15
$7 per worker
7*2=14
total of what he pays the workers per hour
15+14=29
he pays the workers 29 dollars per hour
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