An Increase in the Demand for a Product Will Cause

question 119

Multiple Choice

An increase in the demand for a product will cause

• A) both the demand for and prices of the resources used to produce the product to decline.
• B) both the demand for and prices of the resources used to produce the product to increase.
• C) the demand for the resources used to produce the product to increase and their prices to decline.
• D) the demand for the resources used to produce the product to decline and their prices to increase.