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-In the Above Figure, If the Real Wage Is $20

Question 247

Multiple Choice

-In the above figure, if the real wage is $20 per hour, a labor A) shortage will occur and the real wage will rise. B) shortage will occur and the real wage will fall. C) surplus will occur and the real wage will rise. D) surplus will occur and the real wage will fall.
-In the above figure, if the real wage is $20 per hour, a labor


A) shortage will occur and the real wage will rise.
B) shortage will occur and the real wage will fall.
C) surplus will occur and the real wage will rise.
D) surplus will occur and the real wage will fall.

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