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Refer to the Information Provided in Figure 28

Question 224

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Refer to the information provided in Figure 28.1 below to answer the question(s) that follow. Refer to the information provided in Figure 28.1 below to answer the question(s) that follow. Figure 28.1 -Refer to Figure 28.1. According to classical economists, if the wage rate is $15 the wage rate will ________ to eliminate the ________. A) decline; surplus B) decline; shortage C) increase; surplus D) increase; shortage Figure 28.1
-Refer to Figure 28.1. According to classical economists, if the wage rate is $15 the wage rate will ________ to eliminate the ________.


A) decline; surplus
B) decline; shortage
C) increase; surplus
D) increase; shortage

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