Which Is an Example of a Change in the Price

question 46

Multiple Choice

Which is an example of a change in the price of another resource that increases labor demand?

• A) Software sales rise,thus increasing the demand for software developers.
• B) Snowboarding increases in popularity,thus increasing the demand for the workers who make snowboards.
• C) A decrease in the price of wood decreases the cost of furniture,thus increasing the demand for furniture workers.
• D) A technological change increases output per worker in the computer industry,thus increasing the demand for computer workers.

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Definitions:

Brand Attributes

Features that define and distinguish a brand in the market, influencing consumer perceptions and brand identity.

Protects From Competition

Strategies or practices implemented by a company to safeguard its market position and reduce the impact of rivals.

Strong Brand

A brand that has achieved high levels of recognition, loyalty, and trust among consumers, contributing to a competitive advantage in the marketplace.

McDonald's Golden Arches

The iconic logo of McDonald's, designed as two golden arches joined together, representing one of the most recognizable symbols globally.