Multiple Choice
The labor demand curve slopes downward because
A) firms wish to hire fewer workers as the wage rate increases
B) households wish to hire fewer workers as the wage rate decreases
C) firms wish to hire more workers as the wage rate increases
D) firms wish to supply fewer workers as the wage rate increases
E) households wish to provide fewer hours of work as the wage rate decreases
Correct Answer:
Verified
Correct Answer:
Verified
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