Which Would Result in a Decrease in the Elasticity of Demand

question 143

Multiple Choice

Which would result in a decrease in the elasticity of demand for a particular resource?

• A)a decrease in the rate at which the marginal product of that resource declines
• B)an increase in the elasticity of demand for the product that the resource helps to produce
• C)a decrease in the percentage of the firm's total costs accounted for by the resource
• D)an increase in the substitutability of other resources for the particular resource

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Definitions:

Homosexual Orientation

A sexual orientation characterized by a romantic or sexual attraction to individuals of the same gender.

Religious Beliefs

Personal or societal convictions related to the existence, nature, and worship of a deity or deities, and the values and practices associated with such convictions.

Vocational Identity

An individual's self-concept related to career choices and professional aspirations, shaped by personal interests and societal roles.

Marcia's Categories

A classification system developed by James Marcia that identifies four statuses of adolescent identity development: achievement, moratorium, foreclosure, and diffusion.