Multiple Choice
Which of the following is likely to cause a decrease in both the wage rate and the level of employment in an industry?
A) A rightward shift in the supply curve of labor, without any change in the demand curve for labor
B) A leftward shift in the supply curve of labor, without any change in the demand curve for labor
C) A rightward shift in the demand curve for labor, without any change in the supply curve of labor
D) A leftward shift in the demand curve for labor, without any change in the supply curve of labor
Correct Answer:
Verified
Correct Answer:
Verified
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