Multiple Choice
Which of the following statements is true?
A) The relationship between labor demand and wage rate and the relationship between labor supply and wage rate are both positive.
B) The relationship between labor demand and wage rate and the relationship between labor supply and wage rate are both negative.
C) The relationship between labor demand and wage rate is positive, whereas the relationship between labor supply and wage rate is negative.
D) The relationship between labor demand and wage rate is negative, whereas the relationship between labor supply and wage rate is positive.
Correct Answer:
Verified
Correct Answer:
Verified
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