This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a product becomes more popular and consumers want more produced, which of the following best ... (Read 19 times)

RYAN BANYAN

  • Hero Member
  • *****
  • Posts: 563
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by RYAN BANYAN on May 24, 2019

matt95

  • Sr. Member
  • ****
  • Posts: 317
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.
Answer Preview
Only 56% of students answer this correctly


RYAN BANYAN

  • Hero Member
  • *****
  • Posts: 563
Reply #2 on: May 24, 2019
Thanks


matt95

  • Sr. Member
  • ****
  • Posts: 317
Reply #3 on: May 24, 2019
Welcome :)


« previous next »
 

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

The site of Dmanisi has produced some of the earliest H. erectus outside of Africa. The site of Dmanisi has produced some of the earliest H. erectus outside of Africa.
Product & Process Influences - Sterile Products Product & Process Influences - Sterile Products
Popular Methods of Conducting Social Science Research Popular Methods of Conducting Social Science Research
The Nutrient Fact Panel on the food label can help consumers make smart nutrition choices The Nutrient Fact Panel on the food label can help consumers make smart nutrition choices
Farmers’ markets provide fresh, local produce to consumers Farmers’ markets provide fresh, local produce to consumers
Excel hardware is introducing a new product on a new product line of capacity 800 units per ... Excel hardware is introducing a new product on a new product line of capacity 800 units per ...
Video: Kinetic parameters & Kinetic experiment

For a complete list of videos, visit our video library