The Output Effect Is Defined as

question 79

Multiple Choice

The output effect is defined as

• A) the demand for the input whose price has increased will decrease, but the demand for the other factors will increase.
• B) the change in the quantity of labor demanded resulting from a change in the quantity of output produced.
• C) the change in the quantity of labor demanded resulting from an increase in the price of other inputs.
• D) the demand for the factor whose price has increased will increase, but the demand for the other factors will decrease.

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Definitions:

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