The strength of the demand for a resource depends on the following factors, except the
A) supply of the resource.
B) productivity of the resource.
C) price of the product the resource helps to produce.
D) demand for the product the resource helps to produce.

Question

Quizplus · Accepted Answer

The strength of the demand for a resource is influenced by its productivity, the price of the product it helps produce, and the demand for that product. The supply of the resource itself does not directly affect the demand for it.

The Strength of the Demand for a Resource Depends on the Following