Examlex
A decrease in the quantity of labor supplied in response to a higher wage would be due to the:
Resources
Inputs used in the production of goods and services, such as labor, capital, land, and entrepreneurship.
Marginal Rate
The rate at which one variable changes relative to a change in another variable, often used in the context of taxes or production costs.
Transformation
The process of changing something from one form or state to another, often seen in context with business, personal development, or technology.
Unemployment
The situation when people who are willing to work at prevailing wage rates cannot find employment.
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