If the demand for the finished product increases, the:

Name: If the demand for the finished product increases, the:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An increase in demand for the finished product will lead to an increase in the demand for the resources needed to produce that product. This is because the production of more units of the finished product will require more inputs, such as labor, raw materials, and capital. Therefore, the demand for resources used in production will increase.

If the Demand for the Finished Product Increases, The