In the long run,when the price of labor increases,
A) the demand for labor will decrease and demand for capital will decrease.
B) the demand for labor will decrease and demand for capital will increase.
C) the demand for labor will decrease and demand for capital will either decrease or increase.
D) the demand for labor will increase and demand for capital will increase.
E) the demand for labor will increase and demand for capital will either decrease or increase.
Correct Answer:
Verified
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