Are the following two statements about the elasticity of labor demand correct Statement 1: Labor demand is more elastic in the short run than in the long run because other factors of production are fixed in the short run. Statement 2: The more labor-intensive a firm’s production processes, the more elastic the firm’s demand for labor will be. Statement 1 Statement 2 （）①A. CorrectCorrect ②B. CorrectIncorrect ③C. Incorrect Correct
A. ①
B. ②
C. ③
