If the Demand for a Good Increases,the Demand for the Factors

question 18

Multiple Choice

If the demand for a good increases,the demand for the factors used to produce the good

• A) increases.
• B) decreases.
• C) stays the same.
• D) could increase, decrease, or stay the same depending on whether the demand for the good is elastic, inelastic, or unit elastic.
• E) None of the above answers is correct.

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Definitions:

Facilitated

To facilitate means to make an action or process easier or to assist in the progress of something, often by providing necessary resources, information, or support.

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Refers to the tour of the United States by the Marquis de Lafayette, a French aristocrat and military officer who fought in the American Revolutionary War, celebrated as a hero during his visit in the early 19th century.

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Members of a political group in the early United States advocating for a strong federal government and the ratification of the Constitution.

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The act of being freed from slavery, bondage, or other forms of control or oppression.