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If the Demand for Alarm Clocks Decreases,the Effect on the Alarm

Question 15

Multiple Choice

If the demand for alarm clocks decreases,the effect on the alarm clock job market will be to


A) Increase the demand for labor and increase equilibrium wages.
B) Reduce the supply of labor and increase equilibrium wages.
C) Decrease the demand for labor and reduce equilibrium wages.
D) Have no impact on equilibrium wages.

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