Economics · Theory of Distribution

According to the neo-classical theory of distribution, constancy in the wage share in national income would come about only when the elasticity of factor substitution is:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1greater than one
2zero
3equal to one✓
4less than one

Correct answer

equal to one

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According to the neo-classical theory of distribution, constancy in the wage share in national income would come about only when the elasticity of factor substitution is:

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According to the neo-classical theory of distribution, constancy in the wage share in national income would come about only when the elasticity of factor substitution is:

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