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.

Question

Quizplus · Accepted Answer

A shift in demand for a factor of production is typically caused by changes in productivity or the prices of related factors, not by changes in the price of the factor itself.

A Shift in Demand for a Given Factor of Production