Multiple Choice
A change in a factor's price will have a greater effect on the quantity of the factor demanded the
A) smaller the change in the factor's price.
B) smaller the factor's share of total cost of production.
C) more elastic is the demand for the product the factor helps to make.
D) more inelastic is the demand for the product the factor helps to make.
Correct Answer:
Verified
Correct Answer:
Verified
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