Use the Graph to Answer the Question About the Labor

question 75

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

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Definitions:

Articulation

The physical joint between two bones, allowing for varying degrees of movement.

Condyle

A rounded protuberance at the end of some bones, forming an articulation with another bone.

Axial Skeleton

The part of the skeleton that includes the skull, vertebral column, ribs, and sternum, supporting the central axis of the body.

Clavicle

A long bone that serves as a strut between the shoulder blade and the sternum or breastbone, also known as the collarbone.