The supply curve of a human resource will be more elastic the
A) easier it is to obtain the skill and knowledge necessary to provide the resource.
B) more elastic the demand for the product.
C) more inelastic the demand for the product.
D) higher the skill level necessary to perform the job.

Question

Quizplus · Accepted Answer

The supply curve of a human resource is more elastic when it is easier to obtain the skills and knowledge necessary to provide the resource, as more individuals can quickly enter the market in response to changes in wages.

The Supply Curve of a Human Resource Will Be More