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Which of the following are determinants of the elasticity of resource demand?

I. Price of resource.
II. Price of product that resource is used to produce.
III. Proportion of resource cost to total cost.
IV. Elasticity of product demand.

A

I and II only.

B

I and IV only.

C

III and IV only.

D

I, III, and IV only.

E

I, II, III, and IV.

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