A computer manufacturer's elasticity of demand for labor is not likely to be affected by the

A) supply of computers.
B) price elasticity of demand for computers.
C) ratio of labor cost to other resource costs in the firm.
D) ease of substituting capital for labor in producing computers.

Elasticity of Demand

This indicates the responsiveness of the quantity demanded of a good to a change in its price; it's another way to describe how variation in price affects consumer demand.

Supply of Computers

The total quantity of computers that producers are willing and able to sell at a given price level.

Ratio of Labor Cost

A financial metric that measures the total labor costs in relation to another metric, often used to assess efficiency or productivity.