An Increase in the Demand for a Product Will Cause

question 214

Multiple Choice

An increase in the demand for a product will cause output to

• A) increase and both the demand for and prices of the resources used to produce the product to increase.
• B) increase and both the demand for and prices of the resources used to produce the product to decrease.
• C) decrease; the demand for the resources used to produce the product will remain constant.
• D) decrease; the price of resources used to produce the product will decrease.

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Definitions:

Ida Tarbell

An influential American journalist and one of the leading muckrakers of the late 19th and early 20th centuries, known for her pioneering investigative journalism work, especially her expose on the Standard Oil Company.

Political Scandals

Events or actions involving public figures that lead to public outrage, legal actions, or political ramifications.

Progressive Conservationists

Individuals or groups who combine efforts for social reform with the advocacy for conservation of natural resources, believing in sustainable use and protection of the environment through progressive policies.

Natural Resources

Materials or substances occurring in nature which can be exploited for economic gain, such as minerals, forests, water, and fertile land.