The demand for a resource depends primarily on:
A. the supply of that resource.
B. the demand for the product or service that it helps produce.
C. the price of that input.
D. the elasticity of supply of substitute inputs.
Answer: B
Economics
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The designate M1 measure of money consists of
A) the most liquid types of money in the U.S. system. B) small time deposits only. C) credit cards and ATM cards. D) gold and gold coins.
Economics
Which of the following would not cause a shift in the supply curve for a good?
a. An increase in demand for that good. b. An increase in the cost of labor used to produce that good. c. A change in the cost of raw materials used to produce that good. d. A decrease in the cost of machinery used to produce that good.
Economics