Line (1)in the diagram reflects a situation where resource prices
A)decline as industry output expands.
B)increase as industry output expands.
C)remain constant as industry output expands.
D)are unaffected by the level of output in the industry.

Question

Line (1)in the diagram reflects a situation where resource prices
A)decline as industry output expands. 
B)increase as industry output expands. 
C)remain constant as industry output expands. 
D)are unaffected by the level of output in the industry.

Quizplus · Accepted Answer

The Answer of  Line (1)in the diagram reflects a situation where resource prices
A)decline as industry output expands. 
B)increase as industry output expands. 
C)remain constant as industry output expands. 
D)are unaffected by the level of output in the industry.

Line (1)in the Diagram Reflects a Situation Where Resource Prices