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

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

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

Edition: 19^th

Author: Miller

Read 33 times

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Thank you, thank you, thank you!

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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