Question: Short-run input demand functions are downward sloping because the short-run profit function: (a) is homogeneous of degree one in prices (b) is decreasing in input

Short-run input demand functions are downward sloping because the short-run profit function: (a) is homogeneous of degree one in prices (b) is decreasing in input prices (c) yields demand functions that are not as steep as those obtained from the long-run profit function (d) is convex in prices

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