Multiple Choice
A decrease in resource prices will increase the incentive of
A) users to purchase the resource.
B) suppliers to provide more of the resource.
C) firms to find and develop substitutes for the resource.
D) consumers to look for alternatives that do not contain the resource.
Correct Answer:

Verified
Correct Answer:
Verified
Q102: When an employer pays the cost of
Q103: Suppose that workers immigrate to Minnesota from
Q104: The marginal revenue product of a resource
Q105: Which of the following most clearly illustrates
Q106: A profit-maximizing farmer will apply additional units
Q108: A decrease in the marginal product of
Q109: The following figure indicates the reductions in
Q110: When the marginal revenue product of an
Q111: The change in the total revenue of
Q112: When the price of a resource goes