As the price of a resource decreases, _____.
A)the demand for the final product produced by the resource increases
B)the quantity demanded of that resource decreases
C)the supply of that resource increases
D)producers are more willing and able to hire that resource
E)producers are less willing and able to hire that resource

Question

​As the price of a resource decreases, _____.
A)the demand for the final product produced by the resource increases
B)the quantity demanded of that resource decreases
C)the supply of that resource increases
D)producers are more willing and able to hire that resource
E)producers are less willing and able to hire that resource

Quizplus · Accepted Answer

As the price of a resource decreases, producers find it cheaper to hire that resource, making them more willing and able to do so.

​As the Price of a Resource Decreases, _____

As the Price of a Resource Decreases, _____