Suppose each worker must use only one shovel to dig a trench, and shov
Suppose each worker must use only one shovel to dig a trench, and shovels are useless by themselves. In the short run, an increase in the price of shovels will result in
A) fewer shovels being purchased.
B) more workers being hired.
C) a decrease in the firm’s output.
D) no change in the firm’s output.
ANSWER
D
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