Multiple Choice
The demand for labor will most likely increase when the price of a:
A) complementary input increases,provided the substitution effect is greater than the output effect.
B) substitute input decreases,provided the output effect is greater than the substitution effect.
C) substitute input increases,provided the output effect is greater than the substitution effect.
D) substitute input decreases,provided the substitution effect is greater than the output effect.
Correct Answer:
Verified
Correct Answer:
Verified
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