As the Price Paid to a Resource Increases

question 92

Multiple Choice

As the price paid to a resource increases,

• A) the supply of that resource will increase in the resource market.
• B) the supply of that resource will decrease in the resource market.
• C) resources will shift from other resource markets to this one.
• D) resources will shift from this resource market to others.
• E) resource usage will be unaffected.

---

Definitions:

Fair Value

A valuation of an asset or liability determined by the price it could fetch in a coordinated sale or cost of transferring the liability, through a fair transaction involving willing market players.

Net Book Value

The value of an asset after subtracting its accumulated depreciation or amortization from its cost.

Undervalued

Refers to a financial asset or a company's stock that is available for purchase at a price below its intrinsic value.

Consolidated Patents

The collective intellectual property rights maintained by a parent company and its subsidiaries, often accounted for on a consolidated balance sheet.