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What is the formula for the wage elasticity of labor supply?

Wage elasticity of labor supplied refers to change in quantity of labor supplied due to change inwage. Both changes are calculated in percentage. Formula for wage elasticity of supply is theratio of percentage change in quantity of labor supplied to the percentage change in wage, aswritten below:wage elasticity of supply= in quantity of labor supplied$\%$ (change in wage

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Chapter 5

Elasticity

How Markets Work

Markets and Welfare

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So what is the Wei Shin assistant of labor supply? The way she Mississippi of flavors Air Clary simply once to measure how responsive labor supply is to changes in the wage. In other words, if the way changes by some percentage, then how much will be labor supply change? So the equation for this wait till assistant of labor supply is simply going to be the percentage change in labor supplied divided time, the percentage change in weight.

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