Solved

When the Elasticity of Substitution Between Capital and Labor Is

Question 7

Multiple Choice

When the elasticity of substitution between capital and labor is low,:


A) labor demand will be price elastic.
B) labor demand will be price inelastic.
C) the capital-labor ratio will be low.
D) the labor demand curve will be a flat line.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions