Suppose firms in the furniture industry invest heavily in new equipment. The new equipment makes labor more productive, but it also causes the price of furniture to drop. How will all of this affect these firms' demand for labor? Group of answer choices Their demand for labor will decrease, because the new machines will replace many workers. Their demand for labor will increase if the MPL increases more than the drop in furniture prices. Their demand for labor will decrease, if the MPL increases proportionally more than the drop in furniture prices. Their demand for labor will increase, because this will cause demand for furniture to grow