(Answered) True or false explain in each case the economy wide demand

Management Studies

True or false (explain in each case)? The economy wide demand curve for input A will be more elastic:

a. The more elastic is consumer demand for products that use input A .

b. The weaker is the operation of the Law of Diminishing Returns as employment of A increases.

c. The more elastic is the supply of inputs complementary to A .

Explain in details each points.

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