If Product Demand Decreases and Product Price Decreases

question 106

Multiple Choice

If product demand decreases and product price decreases,

• A) the marginal revenue product curve will shift to the right.
• B) the marginal revenue product curve will shift to the left.
• C) the firm will move down the marginal revenue product curve and hire more units of the input.
• D) the firm will move up the marginal revenue product curve and hire fewer units of the input.

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