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Which of the following is a characteristic of the market for capital? Capital A . can be substituted for labor in many situations, so the
Which of the following is a characteristic of the market for capital?
Capital
A can be substituted for labor in many situations, so the demand for capital is elastic
B income in the form of interest on bonds and bank deposits and dividends on stocks is taxed twice
C income tax is paid entirely by the lender
D is internationally mobile, so the supply of capital is highly inelastic
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