Scenario 14.1
A worker in Firm A earns an income of $5,000 per month. He has been offered a job in Firm B where he will be paid a salary of $7,000 per month.
-If the price of a product increases, the demand for the resource used in producing that product decreases.

Question

Quizplus · Accepted Answer

The statement given is unrelated to the scenario mentioned. The scenario only discusses a worker switching jobs and does not involve any changes in demand for resources. Therefore, the answer is false.

Scenario 14.1 A Worker in Firm a Earns an Income of $5,000