The demand for a resource depends primarily on
A)the supply of that resource.
B)the demand for the product or service that it helps produce.
C)the price of that input.
D)the elasticity of supply of substitute inputs.

Question

Quizplus · Accepted Answer

The demand for a resource is primarily driven by the demand for the products or services that the resource helps to produce. If there is high demand for a product, the demand for the resources needed to produce that product will also be high.

The Demand for a Resource Depends Primarily on