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dillon_green23 dillon_green23
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5 years ago
The price elasticity of demand for a variable input will be more elastic in all the following cases EXCEPT

• the shorter the time period being considered.

• the easier it is for a particular variable input to be substituted for by other inputs.

• the larger the proportion of total costs accounted for by a particular variable input.

• the greater the price elasticity of demand for the final product.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
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blazeypoohblazeypooh
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dillon_green23 Author
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5 years ago
Correct Slight Smile TY
acaruso
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Thank you, thank you, thank you!
Fanmkreyol
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Helped a lot
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