The Demand for a Factor Will Be More Elastic If

question 65

Multiple Choice

The demand for a factor will be more elastic if

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

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Definitions:

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Pertaining to methods or practices that are widely accepted and used, typically because they have been established over time.

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A stage in moral development where individuals make ethical decisions based on universal principles and the greater good, beyond societal norms.

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Abuse or aggression that occurs in a romantic relationship, encompassing physical, sexual, emotional, economic, or psychological actions or threats.

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Women who are married to men, focusing on the demographic within the context of heterosexual relationships.