Use the Following Table,which Shows the Supply and Demand Schedules

question 151

Multiple Choice

Use the following table,which shows the supply and demand schedules for workers in the country of Hovian,to answer the following questions:

-If the wage is set temporarily at $15,it will need to ________ to restore equilibrium.

• A) decrease to zero
• B) increase to $35
• C) fall
• D) increase
• E) remain unchanged

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Definitions:

Testator

A deceased person who died leaving a will.

Revoke

To officially cancel or withdraw a right, permission, or offer, rendering it no longer valid or in effect.

Partial Revocation

A concept in wills and trusts law where a testator can revoke or cancel a portion of the will while leaving the rest intact.

Execution

The process of carrying out a plan, order, or a legal document, like the signing and enacting of a will or a legal judgment.