Question
| a) | Perfectly elastic demand | $e_p=\alpha$ | |
| b) | Unitary elastic demand | $e_p=0$ | |
| c) | Inelastic demand | $e_p<1$ | |
| d) | Elastic demand | $e_p>1$ | |
| a) | Perfectly elastic demand | $e_p=\alpha$ | |
| b) | Unitary elastic demand | $e_p=0$ | |
| c) | Inelastic demand | $e_p<1$ | |
| d) | Elastic demand | $e_p>1$ | |
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| a) | Rent | Capital | |
| b) | Wages | Labour | |
| c) | Interest | Organisation | |
| d) | Profit | Land |