Multiple Choice
Consider two related labor markets, C and D. Suppose that wages in labor market D fall. Which of the following is the most likely cause of falling wages in labor market D?
A) the marginal revenue curve in the product market (that employees in labor market D supply with goods) shifts to the left
B) an increase in the marginal physical product of the employees in labor market D
C) an increase in the price and marginal revenue of the product that employees in labor market D produce
D) an increase in wage rates in labor market C
Correct Answer:
Verified
Correct Answer:
Verified
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