As the price of a resource decreases,_____
A)the demand for the final product produced by the resource decreases.
B)the quantity demanded of that resource decreases.
C)the supply of that resource increases.
D)producers are more willing and able to hire that resource.
E)producers are less willing and able to hire that resource.

Question

Quizplus · Accepted Answer

As the price of a resource decreases, producers are more willing and able to hire that resource because it reduces their production costs and helps them increase their profit margins. This assumes that all other factors remain constant.

As the Price of a Resource Decreases,_____