Use the Graph to Answer the Question About the Labor

question 49

Multiple Choice

Use the graph to answer the question about the labor resource market faced by producers of good X. What will shift D ₂ to D ₁?

• A)a decrease in productivity of labor
• B)a decrease in the price of labor
• C)a decrease in the price of complementary input
• D)a decrease in the price of a substitute input (if the output effect > substitution effect)

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