Which of the following is a reason why the employment of a resource is inversely related to its price As the price of a resource rises, the prices of the goods the resource helps produce will rise as well Thus, consumers will turn to cheaper substitute goods, increasing the amount of the resource needed to produce the more expensive good As the price of a resource rises, the prices of the goods the resource helps produce will rise as well Thus, consumers will turn to cheaper substitute goods, reducing the amount of the resources needed to produce the more expensive good As the price of a resource rises, the price of the goods the resource helps to produce will fall Thus, consumers will demand more of these goods, increasing the amount of the resource needed to produce the cheaper good As the price of a resource rises, the prices of the goods the resource helps produce will fall Thus, consumers will demand fewer of these goods, decreasing the amount of the resource needed to produce the cheaper good

Question

Which of the following is a reason why the employment of a resource is inversely related to its price  As the price of a resource rises, the prices of the goods the resource helps produce will rise as well  Thus, consumers will turn to cheaper substitute goods, increasing the amount of the resource needed to produce the more expensive good  As the price of a resource rises, the prices of the goods the resource helps produce will rise as well  Thus, consumers will turn to cheaper substitute goods, reducing the amount of the resources needed to produce the more expensive good  As the price of a resource rises, the price of the goods the resource helps to produce will fall  Thus, consumers will demand more of these goods, increasing the amount of the resource needed to produce the cheaper good  As the price of a resource rises, the prices of the goods the resource helps produce will fall  Thus, consumers will demand fewer of these goods, decreasing the amount of the resource needed to produce the cheaper good

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Which of the following is a reason why the employment of a resource is inversely related to its price? As the price of a resource

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