Which of the following statements is true other things, Ask an Expert

Economics

Which of the following statements is true? Other things equal, the demand for labor will be less elastic the:

easier it is to substitute capital for labor.

greater the elasticity of resource supply.

greater the elasticity of product demand.

smaller the ratio of labor costs to total costs.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91677904

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