If consumer desire for product X increases, all of the following will occur except
A)an increase in the profits of industry X.
B)an increase in the quantity of resources employed by industry X.
C)an increase in the output of industry X.
D)a decrease in the quantity of resources employed in industry X.

Question

Quizplus · Accepted Answer

When consumer desire for a product increases, it typically leads to higher demand for that product. This can result in increased profits for the industry as prices may rise or more units are sold. To meet the higher demand, the industry may employ more resources and increase its output. Therefore, a decrease in the quantity of resources employed in the industry would not occur; instead, the opposite is expected to happen.

If Consumer Desire for Product X Increases, All of the Following