Resources that flow through the circular flow model include all of the following except:

A firm's demand for labor is downward sloping because of

A) diminishing marginal productivity of labor. B) diminishing marginal utility. C) price pressure. D) workers' increased willingness to work at a higher wage.

Which of the following is likely to result in a higher equilibrium price? a. An increase in both demand and supply

b. A decrease in both demand and supply. c. An increase in demand and a decrease in supply. d. A decrease in demand and an increase in supply.