If the demand for a consumer good decreases, the demand for resources required to make the good will
A) increase.
B) remain the same, but the quantity demanded will increase.
C) decrease.
D) increase or decrease depending on whether the demand for the product is elastic or inelastic.

Question

Quizplus · Accepted Answer

When the demand for a consumer good decreases, the demand for the resources required to make that good also decreases because fewer goods are being produced, leading to a reduced need for resources.

If the Demand for a Consumer Good Decreases, the Demand