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If the Average Market Price for Haircuts Increases,all Else Equal,which

Question 56

Multiple Choice

If the average market price for haircuts increases,all else equal,which of the following is LEAST likely to occur as a result?


A) More new salons will open.
B) Existing salons and barber shops will hire more stylists and barbers.
C) Some workers will leave other jobs in order to become hair stylists.
D) Many salons will go out of business.

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