The demand curve for factors of production
ECONOMICS
JAMB 2010
The demand curve for factors of production
- A. is perfect elastic
- B. slopes upwards
- C. slopes of downwards
- D. is perfectly inelastic
Correct Answer: C. slopes of downwards
Explanation
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.
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