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In a Competitive Resource Market, a Decrease in the Demand

Question 236
Multiple Choice
arrowQuestion 236arrow
Multiple Choice

In a competitive resource market, a decrease in the demand for a productive resource, ceteris paribus, will cause all of the following except a(n)

A)decrease in the price of the resource.
B)increase in the price of the resource.
C)decrease in the total income earned by all units of the resource.
D)decrease in the number of units of the resource that are employed.

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