The Input Demand Curve Is Likely to Be Relatively More

question 46

Multiple Choice

The input demand curve is likely to be relatively more elastic when:

• A)the demand for the final product is relatively elastic.
• B)it is difficult to substitute the input for another input in production.
• C)the supply of other inputs is relatively inelastic.
• D)demand for the input is measured over a short time period.

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