Use the Following to Answer Question(s): Wage Determination in Perfect

question 32

Multiple Choice

Use the following to answer question(s) : Wage Determination in Perfect Competition

-(Exhibit: Wage Determination in Perfect Competition) A(n) _______ in the ________ of (for) labor will result in a(n) _______ in _______ .

• A) increase; supply; decrease; the wage rate
• B) decrease; supply; decrease; the wage rate
• C) decrease; demand; increase; the amount of labor hired
• D) increase; demand; decrease; the amount of labor hired

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