terrellebs15oz9r8z terrellebs15oz9r8z
  • 12-11-2017
  • Business
contestada

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

Respuesta :

jbiain jbiain
  • 29-02-2020

Answer:

Fewer workers will be needed.

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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