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    Exam 4: Supply and Demand: an Initial Look
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    The Price for Labor Is the Wage Rate
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The Price for Labor Is the Wage Rate

Question 245

Question 245

Multiple Choice

The price for labor is the wage rate.What happens to the quantity of labor demanded if wages increase?


A) It increases.
B) It decreases.
C) It does not change.
D) The whole demand schedule shifts to the left.

Correct Answer:

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