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A rise in capital prices pushes the labour demand curve O A. to the left as a result of the substitution effect. O B. to
A rise in capital prices pushes the labour demand curve O A. to the left as a result of the substitution effect. O B. to the right as a result of the substitution effect. O C. Can't be determined given the information provided. O D. to the left as a result of the scale effect. Suppose the Canadian Dairy Commission sets a production quota for dairy production below the equilibrium quantity. Then, O A. the quantity of milk produced in Canada will increase. OB. the dairy industry will be unaffected. OC. the price of milk will rise. OD. revenue received by dairy producers will increase If an increase in the price of one input decreases demand for another input, then we can say that these inputs are O A. both substitutes in production and gross complements, OB. perfect substitutes. O c. both complements in production and gross substitutes. OD. both substitutes in production and gross substitutes. The cross-price elasticity of demand for Goods A and B is equal to one. O A. A and B are complement goods. OB. A and B are substitute goods. OC. A and B have the same unit price. OD. A and B are perfect complements
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