The Demand for DVD's Increases. as a Result

question 153

Multiple Choice

The demand for DVD's increases. As a result,

• A) the wage rate in the DVD industry increases and the quantity demanded of workers increases.
• B) the wage rate in the DVD industry increases and the quantity supplied of workers increases.
• C) the demand for labor increases and the supply of labor also increases, leaving wages unchanged.
• D) the demand for labor increases, but since the supply curve of labor is perfectly elastic, the wage rate does not change.

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