Describe the construction of the firm’s demand curve for labour in the short run. Describe the relationship between the firm's demand curve for labour in the short-run and the market demand curve for labour in the short-run. In particular, is one curve likely to be more or less elastic than the other? Explain your answer.

Economics (MindTap Course List)
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Chapter26: Factor Markets: With Emphasis On The Labor Market
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Describe the construction of the firm’s demand curve for labour in the short run.
Describe the relationship between the firm's demand curve for labour in the short-run and
the market demand curve for labour in the short-run. In particular, is one curve likely to be
more or less elastic than the other? Explain your answer. 

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