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Producers of Walkmans Will Be Able to Lower the Wage

Question 120

Multiple Choice

Producers of Walkmans will be able to lower the wage rate that they pay to their workers. Walkman Watch asks you to predict the effects on the supply of Walkmans, and the price of a Walkman. You predict that the supply curve shifts


A) leftward, and the price rises.
B) leftward, and the price is constant.
C) rightward, and the price is constant.
D) rightward, and the price falls.

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