As the electronic components industry expands,the salaries paid to electrical engineers rise in response to higher demand.We can conclude that the electronic components industry is a/an:

Question

Quizplus · Accepted Answer

An increasing-cost industry is characterized by increasing prices as demand increases and the cost of production increases due to factors such as higher wages for specialized labor or increased demand for raw materials. The given scenario describes how salaries for electrical engineers are rising in response to higher demand, indicating that the industry is experiencing an increase in costs. Therefore, the electronic components industry is an increasing-cost industry.

As the Electronic Components Industry Expands,the Salaries Paid to Electrical