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If two inputs are substitutes and there's an increase in the price of capital, the output effect states that Question 8 options: A) more capital
If two inputs are substitutes and there's an increase in the price of capital, the output effect states that Question 8 options: A) more capital will be used. B) production costs will go down. C) output will go up. D) production costs will go up
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
