If two factors of production are substitutes in production, then a decrease in plant size will make the total product curve

If the market wage rate increases, a firm's labor demand curve does not shift but the labor supply curve shifts to the right

Indicate whether the statement is true or false

To say that a price floor is binding is to say that the price floor a. results in a shortage

b. is set below the equilibrium price. c. causes quantity supplied to exceed quantity demanded. d. All of the above are correct.