Which will not be a determinant of the price elasticity of demand for an input?

A) the price of the input
B) the substitutability of other resources for the input
C) the elasticity of demand for the product it produces
D) the total cost of an input as a proportion of the total cost of producing units of output

Price Elasticity

The measure of how much the quantity demanded of a good responds to a change in the price of that good.

Substitutability

The degree to which one good or service can be replaced by another in consumption, affecting consumer choices and market competition.

Total Cost

The sum of fixed and variable costs incurred by a business in producing a certain level of output.