The demand curve for factors of production
...The demand curve for factors of production
Is perfect elastic
Slopes upwards
Slopes of downwards
Is perfectly inelastic
Correct answer is C
The factors of production demand curve indicates the quantity of a factor demanded at alternative factor prices. The demand curve is downwards sloping from left to right.
An example is given below for the demand curve of labour, showing how wage rate affect the demand for labour.
Similar Questions
Find the median of the following set of data 35,10,14,38,15,18,22,30 and 28 ...
Which of the following falls continuously as output expands? ...
Marginal cost curve intersects average cost curve ...
A tariff is a tax imposed on ...
The losses suffered by a sole proprietor are ...
Age group (YEARS) Population 0 - 15 16 - 40 41 - 60 Over 60 ...
If the marginal propensity to save is 0.8, calculate the multiplier? ...
Which of the following is not a problem in the barter economy? ...