As the Price of a Resource (E.g., Labor)decreases

question 158

Multiple Choice

As the price of a resource (e.g., labor) decreases,

• A)demand for that 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

---

Definitions:

Transition

A change from one state, condition, or phase to another, often used in control systems to describe signal or status changes.

Logic Rung

A horizontal section of a ladder diagram in programmable logic controllers (PLCs), representing a basic logical operation or condition in the control process.

Data Compare

A process or instruction to examine two or more sets of data to determine their equivalence or difference, used in computing and data analysis.