If the Price of TVs Produced by the XYZ-TV Company

question 34

Multiple Choice

If the price of TVs produced by the XYZ-TV Company falls from $1,000 to $750 per TV set, then the:

• A) supply of labor to the XYZ-TV Company increases.
• B) supply of labor to the XYZ-TV Company decreases.
• C) demand for labor by the XYZ-TV Company increases.
• D) demand for labor by the XYZ-TV Company decreases.

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