A Factor Demand Curve Will Shift Because Of

question 176

Multiple Choice

A factor demand curve will shift because of:

• A) a change in the price of a substitute factor.
• B) the elasticity of demand for the final product.
• C) the proportion of the factor's cost relative to total cost.
• D) the slope of the MP curve.

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Definitions:

Anal Stage

A phase in Freudian psychosexual development occurring from approximately 18 months to 3 years, characterized by pleasure in controlling bowel and bladder movements.

Psychosexual Development

Freud's theory suggesting human personality development occurs through stages during childhood, each characterized by sexual pleasure in parts of the body.

Freudian Theory

Freudian Theory proposes that human behavior is influenced by unconscious desires, memories, and conflicts.

Electra Complex

A psychoanalytic theory that describes a girl's sense of competition with her mother for the affection of her father.