If the Prices of the Factors of Production Used to Produce

question 64

Multiple Choice

If the prices of the factors of production used to produce biscuits increase, _____.

• A) the supply of biscuits will decrease
• B) the quantity demanded of biscuits will increase
• C) the demand for biscuits will decrease
• D) the quantity supplied of biscuits will increase

---

Definitions:

Safety and Security

Refer to measures and protocols implemented to protect individuals from harm or danger, ensuring physical wellbeing and protection against threats.

Motivated

Having a desire or willingness to act or work towards achieving personal or defined goals.

Self-Actualising

Self-actualising refers to the realization or fulfillment of one's talents and potentialities, especially considered as a drive or need present in everyone.

Mystical Experiences

Profound and often spiritual experiences that provide a sense of unity or oneness with the universe, often altering one's perception and understanding of reality.