Multiple Choice
Changes in the demand for an industry's output are felt most by those factors that
A) are inelastically supplied.
B) are paid the highest factor prices.
C) earn relatively little economic rent.
D) have a sizable number of alternative uses.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q36: Labor Demand and Labor Supply<br><br>The following questions
Q37: In terms of the marginal product of
Q38: If the wage rate is $10 per
Q39: Discuss whether or not a competitive,profit-maximizing firm
Q40: A monopsonist hires fewer workers and pays
Q42: Each additional unit of output produced by
Q43: As long as labor is not a
Q44: A profit maximizing price taker will produce
Q45: To maximize its profits,a monopsonist will hire
Q46: The Spa DuJour Salon faces a downward-sloping