I need your valuable comments on the following two sentences regarding the meaning of participle clauses:
- Economists often criticize rent control, arguing that it is a highly inefficient way to help the poor raise the standard of living.
What is the meaning of the participle clause arguing that it is a highly inefficient way to help the poor raise the standard of living in sentence (1)? How does it relate to the other syntactic constituents in that sentence? How could this sentence be restructured (by) using a dependent clause instead of a participle clause?
- For low levels of quantity supplied, the elasticity of supply is high, indicating that firms respond substantially to changes in the price.
What is the meaning of the participle clause indicating that firms respond substantially to changes in the price in sentence (2)? How does it relate to the other syntactic constituents in that sentence? How could that sentence be restructured (by) using a dependent clause instead of a participle clause?