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.
A. 1, 2 are true and 3, 4 are false
B. 1, 3 are true and 2, 4 are false
C. 2, 4 are true and 1, 3 are false
D. 3, 4 are true and 2, 1 are false
Answer: Option B

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