Other Things Remaining the Same,which of the Following Is Likely

Multiple Choice

Other things remaining the same,which of the following is likely to happen if an industry introduces labor-saving technology in production?

A) Both the wage rate and the employment level will decrease in the industry.
B) Both the wage rate and the employment level will increase in the industry.
C) The wage rate will increase and the employment level will decrease in the industry.
D) The wage rate will decrease and the employment level will increase in the industry.