As the price of a resource increases, _____.
A)the supply of that resource increases in the resource market
B)the supply of that resource decreases in the resource market
C)resources shift from lower-paid uses to higher-paid uses
D)resources shift from higher-paid uses to lower-paid uses
E)the demand for the final product decreases

Question

​As the price of a resource increases, _____.
A)the supply of that resource increases in the resource market
B)the supply of that resource decreases in the resource market
C)resources shift from lower-paid uses to higher-paid uses
D)resources shift from higher-paid uses to lower-paid uses
E)the demand for the final product decreases

Quizplus · Accepted Answer

As the price of a resource increases, resources shift from lower-paid uses to higher-paid uses.

​As the Price of a Resource Increases, _____

As the Price of a Resource Increases, _____