As the Price of a Resource Increases,_____

question 182

Multiple Choice

As the price of a resource increases,_____

• A)the demand for that resource increases in the resource market.
• B)the supply of that resource decreases in the resource market.
• C)resources shift from lower-paid uses to higher-paid uses.
• D)resources shift from higher-paid uses to lower-paid uses.
• E)the demand for the final product decreases.

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Definitions:

Writing Output

The process of displaying or sending out data from a program to a device, such as a screen or file.

Format Method

A method used to prepare data in a specific format, usually by converting it into a string or formatting numbers, dates, or other types of data.

Decimal Number

A number expressed in the base 10 numeral system, which consists of digits 0 to 9 and uses a decimal point to represent fractions.

Valid Statement

A well-formed instruction that adheres to the grammar and syntax rules of the programming language in which it is written.