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If the price of a resource increases, other things constant, less of that resource will be hired: it makes other resources look expensive as well b.
If the price of a resource increases, other things constant, less of that resource will be hired:
a. it makes other resources look expensive as well
b. producers will substitute away from that resource
c. producers fear starting a trend toward higher resource prices
d. the demand curve for the product will shift to the left
e. highly paid resources don't produce as much