Question

If a product becomes more popular and consumers want more​ produced, which of the following best describes what happens to move more factors of production into that​ industry?A) Factor owners voluntarily move their factors because they want to satisfy the interests of consumers. B) Wages, rent, interest, and profit increase in that industry, thereby giving factors the incentive to move to that industry. C) Consumers increase their demand for the products and, as a result, the taxes the producers must pay decrease enabling the producers to hire more factors of production. D) The chief executive officers or presidents of corporations require that factors leave one industry and move to the other industry. E) An agency of the Federal government directs the movement of factors.

Answer 1

Answer:

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Explanation: