Multiple Choice
An increase in the demand for a product will cause
A) both the demand for and prices of the resources used to produce the product to decline.
B) both the demand for and prices of the resources used to produce the product to increase.
C) the demand for the resources used to produce the product to increase and their prices to decline.
D) the demand for the resources used to produce the product to decline and their prices to increase.
Correct Answer:
Verified
Correct Answer:
Verified
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