A Decrease in the Demand for a Product Will Cause

Multiple Choice

A decrease in the demand for a product will cause output of that product to

A) increase and the demand for and prices of the resources used to produce the product to rise.
B) decrease and both the demand for and prices of the resources used to produce the product to fall.
C) decline; the demand for the resources used to produce the product will remain constant.
D) increase; the price of resources used to produce the product will rise if their supply is elastic but fall if supply is inelastic.