In a market economy, a significant change in consumers' desire for product X will
A) alter the profits or losses received by suppliers of product X.
B) cause a reallocation of scarce resources.
C) cause some industries to expand and others to contract.
D) do all of the things mentioned in the other answers.

Question

Quizplus · Accepted Answer

In a market economy, a significant change in consumers' desire for a product X will cause suppliers of product X to experience changes in profits or losses, as well as a reallocation of scarce resources. Additionally, some industries may expand while others may contract as a result of the change in consumer demand. Therefore, all of the options mentioned in the other answers are correct.

In a Market Economy, a Significant Change in Consumers' Desire