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The demand curve for factors of production

The demand curve for factors of production
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Is perfect elastic
  • B Slopes upwards
  • C Slopes of downwards
  • D Is perfectly inelastic
Correct Answer: Option C
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.Â
An example is given below for the demand curve of labour, showing how wage rate affect the demand for labour.

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