As the price of a resource (e.g., labor)decreases,
A)demand for that resource increases
B)the quantity demanded of that resource decreases
C)the supply of that resource increases
D)producers are more willing and able to hire that resource
E)producers are less willing and able to hire that resource

Question

Quizplus · Accepted Answer

When the price of a resource like labor decreases, producers find it cheaper to hire, making them more willing and able to employ more of that resource.

As the Price of a Resource (E.g., Labor)decreases