A decrease in the demand for the product produced by an input will
A. increase the supply of the input.
B. decrease the supply of the input.
C. have no effect on the input market.
D. decrease the demand for the input.
D. decrease the demand for the input.
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Describe the policies that would be associated with Import Substitution Industrialization. What are the primary criticisms of these policies?
What will be an ideal response?
Nominal GDP is based on prices prevailing when production takes place
Indicate whether the statement is true or false
The liquidity trap is often compared to:
A. pulling on a string. B. pushing on a string. C. pushing banks into a hole filled with liquid. D. pulling banks into a hole filled with liquid.
In the short run, there is a positive relationship between _____
Fill in the blank(s) with the appropriate word(s).