Jones incorporated a sole proprietorship by exchanging all the proprietorship's assets for the stock of nu co., a new corporation. to qualify for tax‐free incorporation, jones must be in control of nu immediately after the exchange. what percentage of nu's stock must jones own to qualify as "control" for this purpose? a. 50.00% b. 51.00% c. 66.67% d. 80.00%

In this case, the equilibrium price and quantity will go up.

If the cost of substitutes go down, that means that consumers will be less likely to purchase your products for the same price.

Also, if the price of labor goes up, the the producer will likely charge a higher price as well or their marginal profit will decrease, meaning they will need to sell more units.