Markets for Factors of Production - LOS b ～ Q8 white, black, 2009

mayanfang1

Q8、All of the following are factors that can cause shifts in the demand curve for a resource EXCEPT:

A)   an increase in the supply of the resource.

B)   an increase in the resource’s productivity.

C)   a decrease in the prices of other resources.

mayanfang1

答案和详解如下：

Q8、All of the following are factors that can cause shifts in the demand curve for a resource EXCEPT:

A)   an increase in the supply of the resource.

B)   an increase in the resource’s productivity.

C)   a decrease in the prices of other resources.

Correct answer is A)

There is no reason to believe that an increased supply will cause a shift in the demand curve. There is no indication to whether a supplier will reduce the price to reflect the change in supply.

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fange520

a

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jacky_z

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Michjay

a

connie198226

good

hjl2000

d

big36999

thanks