According to the Output Effect of a Factor Price Change

question 97

Multiple Choice

According to the output effect of a factor price change, if supply of labor decreases, then once the firm fully adjusts to the labor supply change, it

• A) increases output and thus demand for all inputs increases.
• B) decreases output and thus demand for all inputs decreases.
• C) decreases demand for labor alone and there is no change in its output level.
• D) decreases output and decreases demand for labor.

---

Definitions:

Lymphocyte Levels

Measurements of the amount of lymphocytes, a type of white blood cell, which play a significant role in the body's immune defense mechanisms.

Collective Settlements

Agreements or resolutions reached by a group, often in the context of legal negotiations or disputes.

Emotion-Focused Coping

A coping strategy that involves trying to reduce the negative emotional responses associated with stress, such as by seeking support or reinterpreting the problem.

Aerobic Exercise

Physical activity that increases heart rate and the body's use of oxygen, improving cardiovascular fitness, such as running, cycling, or swimming.