1) Technologically determined demandmeans that __________.

Group of answer choices

the demand for labor will depend on techniques of production and on technological progress

the demand for product will require that more technology be added to the production function

demand is calculated based on how much technology is involved in the final product

consumers determine demand by using technology such as the Internet to indicate preferences

2)Why are high-rise buildings typically constructed in cities rather than in rural areas?

Group of answer choices

Land and labor are substituted for capital.

Labor and capital are substituted for land because they are inexpensive.

Labor and capital are substituted for land, which is very expensive.

Land and capital are substituted for labor.

3) The greater the degree of substitutability in production, the __________.

Group of answer choices

greater will be the price elasticity of demand for the product

greater will be the price elasticity of the demand for labor

smaller the price elasticity of demand will be for the product

less important the input is in the cost structure of the product