A Shift in Demand for a Given Factor of Production

question 74

Multiple Choice

A shift in demand for a given factor of production will NOT occur if:

• A)the price of that factor falls.
• B)the productivity of that factor increases.
• C)the productivity of that factor decreases.
• D)there is a decrease in the price of a substitute factor.

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Definitions:

-ase

A suffix used in biochemistry to denote enzymes, which are proteins that catalyze biochemical reactions.

Crine

Pertaining to secretion, used in terms to describe glands or substances involved in the release of chemical substances in the body.

Gen

A prefix meaning "to become," often used in the formation of words related to genes, genetics, or generating something.

Ectasis

A medical term that describes the widening or enlargement of a hollow organ or structure.