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Answer to Question #3722 in Microeconomics for adam
Question #3722
Which of the following is an example of resource Demand?
A. Concerned about potential lay-offs, consumers put off replacing the family clunker. Consequently, Demand for auto mechanics at area dealerships is up.
B. Unfortunately, the family clunker also tends to be the SUV bought during the high-flying 1990s. Consequently, Demand for gas is also up.
A. Concerned about potential lay-offs, consumers put off replacing the family clunker. Consequently, Demand for auto mechanics at area dealerships is up.
B. Unfortunately, the family clunker also tends to be the SUV bought during the high-flying 1990s. Consequently, Demand for gas is also up.
Expert's answer
A. Concerned about potential lay-offs, consumers put off replacing the family clunker. Consequently, Demand for auto mechanics at areadealer ships is up.
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