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The Accompanying Graph Depicts Mighty Max's Labor Demand for His

Question 27

Multiple Choice

The accompanying graph depicts Mighty Max's labor demand for his duffle-bag business. The labor demand curve shown is calculated based on a duffel-bag price of $10. If the price increases to $20 per bag, what happens to the labor demand curve? The accompanying graph depicts Mighty Max's labor demand for his duffle-bag business. The labor demand curve shown is calculated based on a duffel-bag price of $10. If the price increases to $20 per bag, what happens to the labor demand curve? A) It shifts to the left. B) It shifts to the right. C) It remains unchanged. D) The firm moves upward along the labor demand curve. E) The firm moves downward along the labor demand curve.


A) It shifts to the left.
B) It shifts to the right.
C) It remains unchanged.
D) The firm moves upward along the labor demand curve.
E) The firm moves downward along the labor demand curve.

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