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If the Price of Output Increases, the Equilibrium Wage of Workers

question 228

Multiple Choice

If the price of output increases, the equilibrium wage of workers who produce that output will ________ and ________ workers will be hired.


Definitions:

Vitamins

Essential nutrients that the body needs in small amounts to function and maintain health.

ATP

Adenosine triphosphate, an energy-carrying molecule found in the cells of all living things which fuels cellular processes.

Diffusion Force

A force arising from the concentration gradient that moves molecules from an area of high concentration to one of lower concentration.

Zinc

A metallic chemical element essential for human health, involved in numerous body processes including immune function and enzyme activity.

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