A Factor Demand Curve Will Shift Because Of

question 215

Multiple Choice

A factor demand curve will shift because of:

• A)a change in the price of the good the factor produces.
• B)the elasticity of demand for the final product.
• C)the proportion of the factor's cost relative to total cost.
• D)the slope of the MP curve.

---

Definitions:

Trust Deed

A legal document in real estate transactions where the title of a property is transferred to a trustee as security for a loan until the borrower repays the loan.

Security Device

A mechanism or tool designed to detect, prevent, or respond to potential harm, unauthorized access, or theft.

Right of Subrogation

A legal right that allows an insurer to pursue a third party that caused an insurance loss to the insured, aiming to recover the amount of the claim paid to the insured.

Right to Reimbursement

The entitlement of an individual or entity to be repaid or compensated for costs, expenses, or losses incurred on behalf of another.