Referring to the Previous Question,all Else Constant,a 5 Unit Increase

question 85

Multiple Choice

Referring to the previous question,all else constant,a 5 unit increase in the wage index would cause:

• A)quantity supplied to increase by 9 units and be shown by a movement up the supply curve.
• B)quantity supplied to decrease by 9 units and be shown by a movement down the supply curve.
• C)quantity supplied to increase by 9 units and be shown by a rightward shift of the supply curve.
• D)quantity supplied to decrease by 9 units and be shown by a leftward shift of the supply curve.

---

Definitions:

Evaluate

The process of assessing or determining the significance, worth, or condition of something, often by careful appraisal and study.

Six-figure Accuracy

A level of precision in calculations or measurements that includes six digits significant to the result.

Evaluate

To assess or determine the value, significance, or extent of something.

Six-figure Accuracy

Six-figure accuracy refers to a level of precision in which a number is accurate to six significant digits, indicating extremely precise measurement or calculation.