The derived demand curve for a good component will be more inelastic
A) the larger is the fraction of total cost going to this component.
B) the more inelastic is the demand curve for the final good.
C) the more elastic are the supply curves of cooperating factors.
D) the less essential is the component in question.
B
Economics
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Explain the process by which the banking system creates money
What will be an ideal response?
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Scarcity always exists because
a. machines and people are inefficient. b. changes have occurred in global weather patterns. c. our needs and wants are not limited, but our resources are limited. d. there are more poor people than rich people.
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