For Any Competitive Labor Market,changes That Increase the Opportunity Cost

question 8

Multiple Choice

For any competitive labor market,changes that increase the opportunity cost of work will:

• A)decrease the labor supply and shift the supply curve left.
• B)increase the labor supply and shift the supply curve right.
• C)decrease the labor supply and shift the supply curve right.
• D)increase the labor supply and shift the supply curve left.

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