Question: answer question below 15 Assume that skilled labor and energy are substitutes in production. An increase in energy prices is then predicted to Multiple Choice

answer question below

15 Assume that skilled labor and energy are substitutes in production. An increase in energy prices is then predicted to Multiple Choice its 01:16:40 O unambiguously increase the demand for skilled labor. eBook O unambiguously decrease the demand for skilled labor. increase the demand for skilled labor if the output effect outweighs the substitution effect. decrease the demand for skilled labor if the output effect outweighs the substitution effect

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