Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 14 - The Demand for Resources - Discussion Questions - Page 327: 3

Answer

The answer is below.

Work Step by Step

There are many factors. Some include: how easy it is to get the resource, how much the resource is a necessity in certain industries, the cost of getting the resource, the cost of the resource in general, and the uncertainty in how much demand there will be for the resource.
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