In a market economy a significant change in the demand for product X will:
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 the above.
Answer:D
In a market economy a significant change in the demand for product X will:
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 the above.