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Economics · May / June 2022 · Paper 11 · Question 2

2281Firms and production

What could cause an increase in demand for a factor of production?

  1. Adecrease in the efficiency of the factor of production
  2. Bdecrease in the price of an alternative factor of production
  3. Cincrease in the demand for the good or service produced
  4. Dincrease in the price of the factor of production

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Correct answer: C. increase in the demand for the good or service produced

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