Demand for a factor can shift for all of the following reasons except?

Question

Quizplus · Accepted Answer

A change in the factor's price does not directly affect the demand for that factor, but rather the supply. The other three options can all directly impact the demand for a factor. An increase in demand for the final product will increase the demand for the factors used in its production; a change in the price of other factors will affect the relative costs of production and hence the demand for a particular factor; and a change in technology can lead to a shift in the types of factors that are in demand.

Demand for a Factor Can Shift for All of the Following