Multiple Choice
The output effect is defined as
A) the demand for the input whose price has increased will decrease, but the demand for the other factors will increase.
B) the change in the quantity of labor demanded resulting from a change in the quantity of output produced.
C) the change in the quantity of labor demanded resulting from an increase in the price of other inputs.
D) the demand for the factor whose price has increased will increase, but the demand for the other factors will decrease.
Correct Answer:

Verified
Correct Answer:
Verified
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