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)

Question

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)

Quizplus · Accepted Answer

The Answer of  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)

Use the Graph to Answer the Question About the Labor