The Demand for a Factor Will Be More Elastic If

question 22

Multiple Choice

The demand for a factor will be more elastic if

• A) there is little substitutability between factors.
• B) the supply of the factor is elastic .
• C) it is easier to substitute between this factor and others.
• D) the demand for the good being produced is inelastic.
• E) that factor determines a small percentage of total cost.

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Definitions:

External Jugular Vein

A vein located on each side of the neck that drains blood from the face, neck, and scalp back to the heart.

Superior Vena Cava

A large vein that carries deoxygenated blood from the upper half of the body into the heart's right atrium.

Venules

Small blood vessels that allow deoxygenated blood to return from the capillary beds to the larger blood veins.

Capillary Networks

A complex, interconnected web of capillaries that facilitates efficient exchange of oxygen, nutrients, and waste products between blood and tissues.