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Refer to the Graph

question 94

Multiple Choice

  Refer to the graph. A move from b to a along labor demand curve D ₁ would result from A) a decrease in the price of a substitute resource, assuming that the substitution effect exceeds the output effect. B) an increase in the wage rate. C) a decrease in the wage rate. D) an increase in the demand for the product that this labor is helping to produce. Refer to the graph. A move from b to a along labor demand curve D ₁ would result from


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