Asked by
Chelsie Snead
on Dec 12, 2024
Verified
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.
Supply Curve
A visual diagram that illustrates how the price of a product correlates with the amount of the product that sellers are prepared to sell at various price levels.
Human Resource
A department within organizations focused on employee recruitment, management, and providing direction for the people who work in the institution.
- Identify the differences in supply elasticity over short and long durations among distinct resources.
- Comprehend the influence of factor mobility on resource supply elasticity.
Verified Answer
PR
Learning Objectives
- Identify the differences in supply elasticity over short and long durations among distinct resources.
- Comprehend the influence of factor mobility on resource supply elasticity.
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