What Is the Most Likely Effect of an Increase in the Demand

question 7

Multiple Choice

What is the most likely effect of an increase in the demand for a particular type of labour?

• A)The wage rate for that type of labour will rise,and the quantity hired will decrease.
• B)The wage rate for that type of labour will rise,and the quantity hired will also increase.
• C)The wage rate for that type of labour will rise,but the quantity hired will remain unchanged.
• D)The wage rate for that type of labour will fall,and the quantity hired will increase.

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Definitions:

Style of Life

A concept introduced by Alfred Adler, referring to an individual's unique way of achieving superiority and coping with feelings of inferiority, shaped by early childhood experiences.

Traits

Enduring personality characteristics and behaviors that are consistent across different situations and time.

Temperament Traits

Innate, biologically based behavioral and emotional characteristics that are evident from early life.

Ergs

Basic instinctual drives or primary motivational forces in some psychological theories; the term originates from the work of Sigmund Freud.