Figure 10.3 -In Figure 10.3 a Decrease in the Demand for Labor

question 151

Multiple Choice

Figure 10.3
-In Figure 10.3 a decrease in the demand for labor will cause the equilibrium

• A) wage and hours of labor used to increase.
• B) wage and hours of labor used to decrease.
• C) wage to increase and hours of labor used to decrease.
• D) wage to decrease and hours of labor used to increase.

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Definitions:

Biological Needs

Essential requirements for human survival, such as food, water, shelter, and sleep.

Basic Biological Motives

Fundamental drives that are necessary for survival, such as hunger, thirst, and the need for shelter.

Autonomic Arousal

The activation of the autonomic nervous system, inducing physiological changes such as increased heart rate and blood pressure in response to stimuli.

Conscious Experience

The awareness of one's own thoughts, feelings, sensations, and surroundings at any given moment.