Which of the Following Will Not Cause a Shift in the Demand

question 114

Multiple Choice

Which of the following will not cause a shift in the demand for resource X?

• A)a decline in the price of resource X
• B)an increase in the price of the product that resource X is producing
• C)a decrease in the price of substitute resource Y
• D)an increase in the productivity of resource X

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Definitions:

Response Time

The amount of time it takes to react to a request or stimulus, often used in the context of customer service or computer processing.

Tariffs

Taxes imposed by a government on imported or exported goods.

Economies of Scale

Economies of scale refer to the reduction in the cost per unit that companies experience as they increase their production volume.

Aggregate Factor Costs

The total cost of all inputs used in the production of goods or services, such as labor, capital, and materials.