Which of the following statements is true other things, Business Economics

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Which of the following statements is true other things

Which of the following statements is true? Other things equal, the demand for labor will be less elastic the:

easier it is to substitute capital for labor.

greater the elasticity of resource supply.

greater the elasticity of product demand.

smaller the ratio of labor costs to total costs.

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Business Economics: Which of the following statements is true other things

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