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1 August, 00:14

If productivity increases significantly and demand is not very elastic, what is likely to happen? A. The number of consumers will increase. B. Fewer workers will be needed. C. Division of labor will decrease. D. Demand will increase.

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  1. 1 August, 00:21
    0
    Letter B. Fewer workers will be needed.

    Explanation:

    Increased productivity means increased production per worker. If productivity increases, that is, the worker becomes more productive, there will be more goods produced per worker. In this case, as demand is not very elastic, it means that demand is not very sensitive to falling prices, so fewer workers will be required to supply the same amount of product.
  2. 1 August, 00:28
    0
    The correct answer wiuld be B. Fewer workers will be needed
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Home » Business » If productivity increases significantly and demand is not very elastic, what is likely to happen? A. The number of consumers will increase. B. Fewer workers will be needed. C. Division of labor will decrease. D. Demand will increase.
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