-The Graph Shows the Labor Market for Painters

question 166

Multiple Choice

-The graph shows the labor market for painters.The lower the wage rate,the ________ is the quantity of painters that firms demand and the ________ is the quantity of painters that households are willing to supply.

• A) greater; smaller
• B) greater; greater
• C) smaller; greater
• D) smaller; smaller
• E) None of the above answers is correct because both the demand and supply curves will shift in response to the change in the wage rate.

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Definitions:

Position

The location or orientation of an object or individual, or a particular stance on an issue or in a debate.

Lengthwise

In a direction or orientation that runs along the longest dimension of an object.

Customary Size

The typical or standard dimensions or measurements of objects based on common or traditional usage.

Examination Room

A room in a healthcare facility where medical exams and procedures are conducted.