If the demand for a consumer good increases, the demand for resources required to make the good will
A) remain the same, but the quantity demanded will increase.
B) decrease if the demand for the consumer good is inelastic, otherwise the demand will increase.
C) stay the same, but the quantity demanded will decrease.
D) increase.

Question

Quizplus · Accepted Answer

When the demand for a consumer good increases, producers will need more resources to produce the additional quantity of the good, leading to an increase in the demand for those resources.

If the Demand for a Consumer Good Increases, the Demand