If an Increase in the Price of One Input Causes

question 13

Multiple Choice

If an increase in the price of one input causes an increase in demand for labor, the two inputs are

• A) complementary.
• B) substitutes.
• C) interchangeable.
• D) flexible.

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Definitions:

Advertised Item

An item that is publicly promoted or marketed through various forms of media.

Lanham Act

A United States federal statute that governs trademarks, service marks, and unfair competition, providing protection against brand and trademark infringement.

Trademarks

Legal symbols, words, or phrases registered to represent a company or product, protecting its brand identity.

False Advertising

The act of making untrue, misleading, or deceptive statements in advertisements about products or services.