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AP Microeconomics
Unit 5 – Factor Markets
Topic 5.2
How does a decrease in the price of a factor of production affect factor demand in a factor market?
Factor demand remains unchanged
Factor supply increases
Factor demand increases
Factor demand decreases
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AP Microeconomics - 5.2 Changes in Factor Demand and Factor Supply
Key terms
Factor Market
Factor of production
Factor demand
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About Us
About Fiveable
Blog
Careers
Testimonials
Code of Conduct
Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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