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    Exam 26: Demand in the Factor Market
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    The Output Effect States That If the Price of a Resource
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The Output Effect States That If the Price of a Resource

Question 42

Question 42

Multiple Choice

The output effect states that if the price of a resource _________,output of the final product will _________.


A) rises;decline
B) rises;increase
C) falls;decline
D) None of these choices are correct.

Correct Answer:

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