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 primarily determined by its productivity, the price of the product it helps to produce, and the demand for that product, rather than the supply of the resource itself. Supply affects the price and availability of the resource but does not directly determine the demand for it.

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