Multiple Choice
If consumer desire for product X increases, all of the following will occur except
A) an increase in the profits of industry X.
B) an increase in the quantity of resources employed by industry X.
C) an increase in the output of industry X.
D) a decrease in the quantity of resources employed in industry X.
Correct Answer:

Verified
Correct Answer:
Verified
Q33: An increase in consumer desire for strawberries
Q111: "Consumer sovereignty" means that<br>A) buyers can dictate
Q183: The following table illustrates alternative production techniques
Q185: If competitive industry Z is making substantial
Q186: Economic profits and losses<br>A)are both considered by
Q189: Which of the following is a characteristic
Q191: College graduates who dislike business risk will
Q192: Answer the question based on the following
Q201: The use of money for exchange and
Q266: Of the following countries, which one best