A Decrease in the Price of a Productive Resource Will

question 97

Multiple Choice

A decrease in the price of a productive resource will result in each of the following except a(n)

• A)downward shift in the average-cost curves for all products that use the resource.
• B)rightward shift in the supply of products which use the resource.
• C)rightward shift in the demand curves for all products that use the resource.
• D)increase in the quantity demanded of this productive resource.

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Definitions:

Bearing Installation

The process of fitting bearings into machinery or equipment, ensuring proper alignment, lubrication, and functionality.

Infra-red Thermometer

A device that measures temperature from a distance by detecting the infrared radiation emitted by an object.

Tempilstick

A brand-specific product designed to melt or change at a specific temperature, indicating the attainment of that temperature.

Input Shaft

The part of a machinery or system that takes in power or material for processing, commonly found in engines and transmissions.