Multiple Choice
For a competitive firm,with a change in the price of labor,_____ demand curve for labor.
A) the substitution effect reinforces the output effect,leading to a downward-sloping
B) the substitution effect reinforces the output effect,leading to an upward-sloping
C) the substitution effect offsets the output effect,leading to a downward-sloping
D) the output effect offsets the substitution effect,leading to an upward-sloping
Correct Answer:
Verified
Correct Answer:
Verified
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