If the Price of a Resource Increases, Other Things Constant

question 206

Multiple Choice

If the price of a resource increases, other things constant, less of that resource will be hired because

• A)producers will substitute away from that resource
• B)producers fear starting a trend toward higher resource prices
• C)the demand curve for the product will shift to the left
• D)highly paid resources don't produce as much
• E)it makes other resources look expensive as well

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