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Which of the following statements are true false 1 Demands for...

This question belongs to Management Labour And Social Welfare
Labour and Social Welfare
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Which of the following statements are true/false?
1. Demands for goods is directly proportional to the labour market.
2. Marginal productivity is the addition made to the total production by subtracting one worker from the existing labour force.
3. Demand for labour is dependent on the elasticity of demand for product produced by the labour.
4. At higher wages, the demand for labour will be higher.

Answer & Solution
Correct Answer: Option B
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