Economics: Principles, Problems, and Policies, 19th Edition

Published by McGraw-Hill Education
ISBN 10: 0073511447
ISBN 13: 978-0-07351-144-3

Chapter 12 - The Demand for Resources - Questions - Page 263: 4c

Answer

Increases the elasticity of demand for C

Work Step by Step

With increases for resources that are substitutable for C that means that the elasticity increases and that it can be easily replaced.
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