If the demand for a good increases,it is likely that the demand for the factors of production used as inputs will:
A) decrease.
B) increase.
C) stay the same.
D) None of these statements is true.

Question

Quizplus · Accepted Answer

If the demand for a good increases, producers will need to increase their production which will require more factors of production such as labor, capital, and resources. Therefore, the demand for factors of production used as inputs will increase.

If the Demand for a Good Increases,it Is Likely That