Multiple Choice
Suppose wages increase but employment decreases. These changes most likely were caused by:
A) an increase in labor demand.
B) an increase in labor supply.
C) a decrease in labor demand.
D) a decrease in labor supply.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q10: The demand for labor is derived from
Q11: The Chicago City Council considered a "living
Q12: The price of apples is currently $1
Q13: Supply and demand analysis can explain:<br>A) how
Q14: Which of the following does Luddite reasoning
Q16: Suppose the government reduces marginal income tax
Q17: In the 1700s and 1800s:<br>A) labor laws
Q18: If the marginal income tax rate falls
Q19: Entrepreneurship could best be classified as:<br>A) creative
Q20: The elasticity of labor demand does not