If Consumer Desire for Product X Increases, All of the Following

question 188

Multiple Choice

If consumer desire for product X increases, all of the following will occur except

• A)an increase in the profits of industry X.
• B)an increase in the quantity of resources employed by industry X.
• C)an increase in the output of industry X.
• D)a decrease in the quantity of resources employed in industry X.

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Definitions:

Plain Folk

A term describing the average, working-class individuals, especially those living in rural areas or small towns, emphasizing their simplicity and honesty.

Historical Significance

The importance attributed to an event, object, or person in history based on its impact or contribution to the present and future.

Paternalism

A policy or practice of treating or governing people in a fatherly manner, especially by providing for their needs without giving them rights or responsibilities.

Canadian

Pertaining to Canada or its people, culture, or characteristics.