Question

O As the price is lowered, the quantity demanded of rooms will decrease Question 22 4 pts Inputs are: O goods that are used together. O goods that are used in place of one another. O goods that you demand more of as your income increases. O goods that you demand less of as your income increases O resources that firms use in the production of final goods and services Question 23 4 pts A technological advancement for Good A will shift the Good A to the curve of making the equilibrium price emand; left: decrca se

Answer 1

Inputs are resources that firms use in the production of final goods and services.

Explanation:

Firms use inputs for producing final goods and services . For e.g. firms may use labor,capital etc as inputs and produce goods and services in order to satisfy demand of consumers and thereby earn profits.