Multiple Choice Questions on Union leaders are in better position to bargain for higher wages if demand for labour is ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

Union leaders are in better position to bargain for higher wages if demand for labour is ........

Economics- Phase (I & II) Business Cycles 
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    Union leaders are in better position to bargain for higher wages if demand for labour is

    Elastic

    Incorrect Answer

    Inelastic

    Correct Answer

    Very large

    Incorrect Answer

    Permanent

    Incorrect Answer
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    Explanation:

    Union leaders are in better position to bargain for higher wages if demand for labour is Inelastic. The capacity of trade unions to raise wages in a particular industry depends on the elasticity of demand for labour.

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