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browngoat320Lv1
28 Nov 2020
The elasticity of resource demand measures the:
A) responsiveness of workers to changes in wage rates
B) responsiveness of producers to changes in resource prices.
C) ratio of marginal revenue product to revenue price
D) sensitivity of marginal revenue product to changes in the product price.
The elasticity of resource demand measures the:
A) responsiveness of workers to changes in wage rates
B) responsiveness of producers to changes in resource prices.
C) ratio of marginal revenue product to revenue price
D) sensitivity of marginal revenue product to changes in the product price.
Divya SinghLv10
9 Jan 2021