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Say the supply for labor increase in the industry you work. what field would you rather be: a field where the demand for labor is elastic or a field where the demand for labor is inelastic?
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Say the supply for labor increase in the industry you work. what field would you rather be: a field where the demand for labor is elastic or a field where the demand for labor is inelastic?

User Sanandrea
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You would want to be in a field where demand for labor is elastic because when the supply for labor increased wages would not go down much. If the demand for labor was inelastic, the wages would fluctuate based on the demand.
User Scott Newson
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