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If the price of bicycles produced by Mike's Bikes increases from $1000 to $1250 per bicycle, then the: Supply of labour to Mike's Bikes decreases.

If the price of bicycles produced by Mike's Bikes increases from $1000 to $1250 per bicycle, then the: Supply of labour to Mike's Bikes decreases. Supply of labour to Mike's Bikes increases. Demand for labour by Mike's Bikes increases. Demand for labour by Mike's Bikes decreases

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