In a market economy a significant change in consumers' desire for product x will: select one:

a. alter the profits or losses received by certain firms.

b. cause a reallocation of scarce resources.

c. cause some industries to expand and others to contract.

d. do all of these.

Question

Rolando

3 February, 18:58

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Brenden · Answer 1

D - as the desire for a product will require more or less to be produced (supply and demand), therefore leading to all of those

In a market economy a significant change in consumers' desire for product x will: select one:a. alter the profits or losses received by certain firms.b. cause a reallocation of scarce resources.c. cause some industries to expand and others to contract.d. do all of these.