The demand curve for a human resource will be more elastic the
A) more and better substitutes are available for it.
B) more difficult it is to substitute other resources for it.
C) more inelastic the demand for the product the resource is used to produce.
D) shorter the time period under consideration.

Question

Quizplus · Accepted Answer

The more substitutes available for a human resource, the easier it is for a company to switch to a different resource if the price of the original resource increases. This makes the demand curve more elastic, meaning changes in price will have a larger impact on the quantity demanded.

The Demand Curve for a Human Resource Will Be More