The Demand for a Resource Depends Primarily on

question 186

Multiple Choice

The demand for a resource depends primarily on

• A) the supply of that resource.
• B) the demand for the product or service that it helps produce.
• C) the price of that input.
• D) the elasticity of supply of substitute inputs.

---

Definitions:

Competence

The ability to perform work tasks successfully.

Potential

The inherent ability or capacity of an individual, object, or concept to develop into something more substantial or perform at a higher level in the future.

Coercive Power

A form of power that is based on the ability to deliver punishments or impose penalties for noncompliance.

Social Intelligence

The ability to understand and manage interpersonal relationships effectively, including the capacity to navigate social environments and understand the dynamics at play.