The Demand for a Resource Will Increase If the

question 84

Multiple Choice

The demand for a resource will increase if the

• A)price of the resource decreases.
• B)supply of the resource decreases.
• C)price of the product requiring this resource increases.
• D)price of the product requiring this resource decreases.

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Definitions:

Protective Tariffs

Taxes imposed on imported goods to protect domestic industries from foreign competition by increasing the price of imported goods.

Agricultural Inventions

Innovations and developments in the field of agriculture that improve efficiency, yield, or sustainability in food production.

Farmers

Individuals or entities engaged in the activity of agriculture, raising living organisms for food or raw materials.

Liberal Land Policy

A policy approach that aims to make land more accessible to the population, often by reducing restrictions and lowering costs.