The Derived Demand Curve for a Resource Is Downward Sloping

question 40

Multiple Choice

The derived demand curve for a resource is downward sloping because

• A) the demand for products that utilize the resource is directly related to the price of the resource.
• B) the marginal productivity of resources will decline as their price increases.
• C) as the price of a resource rises, other resources will be less desirable than the higher priced resource.
• D) other resources will be substituted for a resource that increases in price.

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Definitions:

Pain Control

The methods and techniques used to manage and reduce pain, including pharmacological interventions, physical therapies, and psychological approaches.

Endorphins

Natural chemicals in the body that interact with the brain’s receptors to reduce pain perception and lead to feelings of euphoria.

Rubber-Hand Illusion

A psychological experiment that creates the illusion that a rubber hand is part of the participant's body, demonstrating the brain's integration of tactile and visual inputs.

Kinesthesis

Kinesthesis, or kinesthesia, is the sense that detects bodily position, weight, or movement of the muscles, tendons, and joints, enabling our bodies to move freely and with coordination.