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The More Elastic the Demand for a Final Product

Question 179

Multiple Choice

The more elastic the demand for a final product,


A) the more elastic will be the demand for the productive resources used.
B) the less elastic the supply of resources used in producing the product.
C) the less firms will reduce their usage of resources when the price of the resources increases.
D) the higher the MRP of the resources used to produce the product.

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