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

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 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

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 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

Use the Graph to Answer the Question About the Labor