The demand for a factor will be less elastic if
A) marginal physical product decreases slowly as more of the factor is used.
B) the demand for the good being produced is elastic.
C) there is a high degree of substitutability between factors.
D) that factor determines a small percentage of total cost.
E) the supply of the factor is elastic.

Question

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The Answer of The demand for a factor will be less elastic if
A) marginal physical product decreases slowly as more of the factor is used.
B) the demand for the good being produced is elastic.
C) there is a high degree of substitutability between factors.
D) that factor determines a small percentage of total cost.
E) the supply of the factor is elastic.

The Demand for a Factor Will Be Less Elastic If