Consider the Usual Case Where a Higher Wage Rate Increases

question 11

Multiple Choice

Consider the usual case where a higher wage rate increases firms' marginal costs.In this case,the industry's demand curve for labor

• A) is more inelastic than the individual firms' demand curves would indicate.
• B) coincides with the horizontal sum of individual firms' demand curves.
• C) contains only substitution effects but no scale effects.
• D) is horizontal at the going market wage.

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