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    Microeconomics Principles Applications
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    Exam 17: The Labor Market and the Distribution of Income
  5. Question
    -Refer to Figure 17
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-Refer to Figure 17

Question 57

Question 57

Multiple Choice

  -Refer to Figure 17.2.If the hourly wage is $15,then A)  supply for labor will increase. B)  quantity supplied of labor is 25,000 hours. C)  demand for labor will increase. D)  quantity demanded for labor is 25,000 hours.
-Refer to Figure 17.2.If the hourly wage is $15,then


A) supply for labor will increase.
B) quantity supplied of labor is 25,000 hours.
C) demand for labor will increase.
D) quantity demanded for labor is 25,000 hours.

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