Give me correct answer with full explanation otherwise i give multiple downvoteNote:-Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate. VDW Inc., an electronics corporation, claims that electronic heaters produced by the firm are more efficient than heaters which runon kerosene or diesel. The firm aims at reducing demand for scarce resources such as non-renewable resources. Which of thefollowing is being used by the firm in reducing demand for scarce resources?Law of supplyОLaw of demandIncreased pricesTechnology

The issue in the example is finding out how VDW Inc, which produces electronics, is trying to ensure…

Answered: VDW Inc., an electronics corporation,…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter2: Choice In A World Of Scarcity

Section: Chapter Questions

Problem 1SCQ: Suppose Alphonsos town raised the price of bus tickets to 1 per trip (while file price of burgers...

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Give me correct answer with full explanation otherwise i give multiple downvote

Note:-

Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.

Answer completely and accurate answer.

Rest assured, you will receive an upvote if the answer is accurate.

VDW Inc., an electronics corporation, claims that electronic heaters produced by the firm are more efficient than heaters which run
on kerosene or diesel. The firm aims at reducing demand for scarce resources such as non-renewable resources. Which of the
following is being used by the firm in reducing demand for scarce resources?
Law of supply
О
Law of demand
Increased prices
Technology

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