The Price for Labor Is the Wage Rate

question 245

Multiple Choice

The price for labor is the wage rate.What happens to the quantity of labor demanded if wages increase?

• A)It increases.
• B)It decreases.
• C)It does not change.
• D)The whole demand schedule shifts to the left.

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Definitions:

Assessment

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Obstetrician

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The state of carrying developing offspring within the body after conception.