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Author Question: If a product becomes more popular and consumers want more produced, which of the following best ... (Read 31 times)

RYAN BANYAN

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on: May 24, 2019
If a product becomes more popular and consumers want more produced, which of the following best describes what happens to move more factors of production into that industry?
◦ An agency of the Federal government directs the movement of factors.
◦ The chief executive officers or presidents of corporations require that factors leave one industry and move to the other industry.
◦ Factor owners voluntarily move their factors because they want to satisfy the interests of consumers.
◦ Wages, rent, interest, and profit increase in that industry, thereby giving factors the incentive to move to that industry.
◦ Consumers increase their demand for the products and, as a result, the taxes the producers must pay decrease enabling the producers to hire more factors of production.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by RYAN BANYAN on May 24, 2019

matt95

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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RYAN BANYAN

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Reply #2 on: May 24, 2019
Thanks


matt95

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Reply #3 on: May 24, 2019
Welcome :)


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