Which Will Not Be a Determinant of the Price Elasticity

question 217

Multiple Choice

Which will not be a determinant of the price elasticity of demand for an input?

• A) the price of the input
• B) the substitutability of other resources for the input
• C) the elasticity of demand for the product it produces
• D) the total cost of an input as a proportion of the total cost of producing units of output

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Definitions:

Maturity Value

The amount payable to an investor at the end of a fixed-term investment including the principal and the interest.

Compounded Annually

Compounding annually is a method where interest is added to the principal sum at the end of each year, impacting the total interest earned or paid.

Objective

A goal or target that is aimed to be achieved, often used in planning and strategy contexts.

Compounded Semi-Annually

Interest on an investment that is calculated twice a year and added to the principal sum, affecting the total interest earned.