Figure 8.5.2 -Higher Input Prices Result In

question 104

Multiple Choice

Figure 8.5.2
-Higher input prices result in:

• A) upward shifts of MC and reductions in output.
• B) upward shifts of MC and increases in output.
• C) downward shifts of MC and reductions in output.
• D) downward shifts of MC and increases in output.
• E) increased demand for the good the input is used for.

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