An Increase in the Demand for a Resource

question 52

Multiple Choice

An increase in the demand for a resource

• A) will cause the price of that resource to fall.
• B) may be the result of a decrease in the demand for products utilizing this resource.
• C) will cause the price of the resource to fall by a smaller amount in the short run than in the long run.
• D) will increase the price of the resource and, thereby, increase the incentive of potential suppliers to provide the resource in the future.

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Definitions:

Antianxiety Drugs

Medications used to treat anxiety disorders by reducing symptoms such as worry, fear, and panic attacks.

Exposure Therapy

A psychological treatment that involves gradually and systematically exposing individuals to the objects or situations they fear to reduce anxiety.

Posttraumatic Stress Disorder

A psychiatric disorder that can occur in people who have experienced or witnessed a traumatic event, characterized by flashbacks, severe anxiety, and uncontrollable thoughts about the event.

Bipolar Disorder

A mental disorder characterized by extreme mood swings from manic highs to depressive lows.