When manufacturing a car, parts must be soldered together. This work can be done by labor or by a robot (capital). More robots will be hired when the price of labor increases. This is known as

All weekday ticket prices hover around $___

Fill in the blank(s) with the appropriate word(s).

If not all prices adjust instantly to changing economic circumstances, an unexpected fall in the price level leaves some firms with higher-than-desired prices, and these higher-than-desired prices depress sales and induce firms to ________ the quantity of goods and services they produce.

a) increase substantially b) increase slightly c) reduce d) make no changes to