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The Impact of a Decrease in the Wage Rate on Labor

Question 148

Multiple Choice

The impact of a decrease in the wage rate on labor supply will be represented by ________,assuming all else equal.


A) a right shift of the labor supply curve
B) a left shift of the labor supply curve
C) a downward movement along the labor supply curve
D) an upward movement along the labor supply curve

Correct Answer:

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