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    Exam 18: Markets for Factors of Production
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    If the Supply of Labour Increases, Then the Equilibrium Wage
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If the Supply of Labour Increases, Then the Equilibrium Wage

Question 47

Question 47

Multiple Choice

If the supply of labour increases, then the equilibrium wage rate ________ and the equilibrium quantity of labour ________.


A) might rise, fall or not change; increases
B) falls; increases
C) rises; increases
D) falls; does not change
E) rises; might increase, decrease, or not change

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