fill in the blank question\nwhen the productivity of a product resource increases and makes a firms product…

fill in the blank question\nwhen the productivity of a product resource increases and makes a firms product more efficient and or effective, it will (increase/decrease) the demand for the resource, and should the productivity of a resource decline, it will (increase/decrease) the demand for the resource.\nneed help? review these concept resources.\nread about the concept

fill in the blank question\nwhen the productivity of a product resource increases and makes a firms product more efficient and or effective, it will (increase/decrease) the demand for the resource, and should the productivity of a resource decline, it will (increase/decrease) the demand for the resource.\nneed help? review these concept resources.\nread about the concept

Answer

Brief Explanations:

When a resource's productivity increases, it makes the firm's product more efficient/effective. Firms will want more of such a resource as it helps in better production. So demand increases. Conversely, if productivity declines, the resource is less useful for efficient/effective production, so firms demand less.

Answer:

increase; decrease