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- Production Factorseconomics-mcqs › production-factors
- Published
- 30 May 2019
- Last updated
- 28 May 2026
Which of the following is least likely to occur as a result of a rise in the demand for apples?
Multiple choice question for Production Factors. Select an option, then review the explanation below.
Explanation
When demand for apples rises, it typically leads to higher apple prices, increased wages for apple pickers, and a greater value of their marginal product. However, it would not cause a decline in the number of apple pickers employed; instead, employment is expected to increase or remain stable.
More Production Factors MCQs
Practice related questions from the same subject.
- 1.Imagine a war fought using biological weapons that eliminate human labor but leave physical capital intact. Compared to the pre-war period, what changes would you expect in the equilibrium wages and rental prices after the conflict?
- 2.How does a rise in automobile prices affect the demand for autoworkers?
- 3.At what point should a profit-driven competitive firm continue to employ additional workers?
- 4.Why does the demand curve for an individual firm's factor of production slope downward?
- 5.Which of the following is NOT a likely result of a reduction in the supply of agricultural tractors?