What is promotional elasticity in economics?

Labor Economics (elasticity of labor supply)?

  • 1. The elasticity of labor supply measures the responsiveness of hours worked to a wage change. a) explain how we calculate the elasticity coefficient. b) What is the range of values the elasticity coefficient might have? Explain and show graphically. c) Explain one determinant that will influence the elasticity of labor supply.

  • Answer:

    umm..idk?

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