What Happens to the Equilibrium Wage and Quantity of Labour

question 193

Multiple Choice

What happens to the equilibrium wage and quantity of labour if output price rises?

• A)The equilibrium wage and the equilibrium quantity of labour rise.
• B)The equilibrium wage and the equilibrium quantity of labour fall.
• C)The equilibrium wage falls and the equilibrium quantity of labour rises.
• D)The equilibrium wage rises and the equilibrium quantity of labour falls.

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