If a Technological Change Makes It Harder to Substitute Capital

question 47

Multiple Choice

If a technological change makes it harder to substitute capital for labour, the demand curve for labour

• A) becomes more elastic.
• B) shifts parallel to the left.
• C) is not affected.
• D) becomes less elastic.
• E) shifts parallel to the right.

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Definitions:

Opiate

Natural or synthetic drugs derived from opium that are used for pain relief and include substances such as morphine and heroin.

Elevates Mood

Refers to actions or substances that can improve emotional state, making an individual feel happier or more positive.

Eases Pain

Provides relief from discomfort or suffering, reducing the intensity of pain.

Neurotransmitter

A chemical substance that transmits signals across the synapse from one neuron to another in the brain, influencing a variety of processes and functions.