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The Sunshine Shirt Manufacturing Company uses both capital and labor as substitutable resources in the production of shirts, and the price of capital used by Sunshine has just decreased. What do the...

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The Sunshine Shirt Manufacturing Company uses both capital and labor as substitutable resources in the production of shirts, and the price of capital used by Sunshine has just decreased. What do the substitution and output effects suggest will happen to the demand for capital and the demand for labor at Sunshine?
Answered Same Day Dec 24, 2021

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David answered on Dec 24 2021
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