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If productivity increases significantly and demand is not very elastic what is likely to happen?

1 Answer

5 votes

Answer:

Fewer workers will be needed.

Step-by-step explanation:

if productivity increases, production per worker increase. Not very elastic demand means that demand changes only a little with a variation of prices; so if productivity increase, but the demand remains almost the same, less (more efficient) workers will satisfy the demand.

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User Nujabes
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