Asked by
Tahimi Rengifo
on Dec 05, 2024
Verified
A factor demand curve will shift to the left because of a(n) _____ in the price of the _____.
A) increase;factor
B) increase;good the factor produces
C) decrease;factor
D) decrease;good the factor produces
Factor Demand Curve
Graphical representation showing the quantity of a factor of production demanded at different prices for that factor.
Good Produces
The output or products manufactured or produced by a business, industry, or economy.
- Comprehend the correlation between a good's price and the demand for its producing factor.
Verified Answer
BK
Learning Objectives
- Comprehend the correlation between a good's price and the demand for its producing factor.