In many occupations-robots are replacing humans

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Reference no: EM131170992

The year is 2035. In many occupations, robots are replacing humans. As it turns out, robots make very good house cleaners, but very poor ski instructors.

Assuming the other determinants of demand for the two services are roughly similar, you would expect the demand for human ski instructors to be(more elastic than, less elastic than,equal to elastic than,derived from) the demand for human house cleaners.

One factor that affects the elasticity of demand for labor is the elasticity of demand for the product itself.

The lower the price elasticity of demand for a product, the (higher or lower) the elasticity of demand for labor.

Reference no: EM131170992

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