Which of the Following Curves Is Most Inelastic

question 94

Essay

Which of the following curves is most inelastic?
A) the supply of land
B) the supply of labor for an individual worker
C) the supply of labor for all workers
D) the demand for capital
E) the demand for labor

• A) the supply of land
• B) the supply of labor for an individual worker
• C) the supply of labor for all workers
• D) the demand for capital
• E) the demand for labor

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Definitions:

Farmer

Someone who works in the agricultural sector, producing living items for nourishment or foundational substances.

Produce

To create or manufacture goods for sale or consumption.

Farmer

An individual who operates a farm, engaged in the cultivation of crops or the raising of animals for consumption or sale.

Price

The amount of money required to purchase a good, service, or asset.