A change in demand for a resource can be caused by
A)proportion of economic rent in the total earnings of the resource
B)opportunity cost of the resource
C)price of the resource
D)a change in the number of firms producing the final product
E)ease with which resources can be put to alternative uses

Question

Quizplus · Accepted Answer

A change in the number of firms producing the final product can affect the demand for a resource, as more firms may increase demand for the resource to produce more of the final product.

A Change in Demand for a Resource Can Be Caused