Changes in the price of a product would not shift the demand for the resources needed to produce the product.

Question

Quizplus · Accepted Answer

Changes in the price of a product can affect the demand for the resources needed to produce that product because if the product becomes more expensive and its demand decreases, producers may need fewer resources, shifting the demand for those resources. Conversely, if the product's price decreases and its demand increases, producers may need more resources, increasing the demand for those resources.

Changes in the Price of a Product Would Not Shift