If the demand for a good decreases, the demand for the factors used to produce the good:    None of the above answers is correct.    decreases.    could increase, decrease, or stay the same depending on whether the demand for the good is elastic, inelastic, or unit elastic.    increases.    stays the same.

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter3: Market Demand And Supply
Section: Chapter Questions
Problem 19SQ
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If the demand for a good decreases, the demand for the factors used to produce the good: 

 

None of the above answers is correct. 

 

decreases. 

 

could increase, decrease, or stay the same depending on whether the demand for the good is elastic, inelastic, or unit elastic. 

 

increases. 

 

stays the same.

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