A Change in a Factor's Price Will Have a Greater

question 74

Multiple Choice

A change in a factor's price will have a greater effect on the quantity of the factor demanded the

• A)smaller the change in the factor's price.
• B)smaller the factor's share of total cost of production.
• C)more elastic is the demand for the product the factor helps to make.
• D)more inelastic is the demand for the product the factor helps to make.

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Definitions:

Marxist Feminism

A branch of feminism that focuses on the exploitation of women in capitalist societies and the way class and gender intersect.

Equal Pay

The principle that individuals should receive the same salary or wages for the same work or work of equal value, regardless of gender, race, or other discrimination factors.

Employment Equity

Policies and practices aimed at increasing job opportunities and fairness for all individuals, particularly those in minority or marginalized groups.

Gender Equality

An environment where there is equitable access to opportunities and resources for all genders, covering economic engagement and the ability to make decisions.