Suppose There Are Two Labor Markets, a and B, and Labor

question 47

Multiple Choice

Suppose there are two labor markets, A and B, and labor is homogeneous between markets. The wage rate in labor market A falls relative to the wage rate in labor market B. What happens in labor market B?

• A)The supply curve of labor shifts leftward.
• B)The supply curve of labor shifts rightward.
• C)The demand curve for labor shifts leftward.
• D)b and c
• E)none of the above

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