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    Exam 4: Supply and Demand: an Initial Look
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    The Price for Labor Is the Wage Rate
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The Price for Labor Is the Wage Rate

Question 111

Question 111

Multiple Choice

The price for labor is the wage rate.What happens to the supply of labor if wages increase?


A) It increases.
B) It decreases.
C) It does not change.
D) Uncertain-economic theory has no answer to this question.

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