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    Exam 6: Consumption, Time Allocation and Production Choices
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    An Increase in P Will ________ the VMPL Schedule and Will
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An Increase in P Will ________ the VMPL Schedule and Will

Question 22

Question 22

Multiple Choice

An increase in p will ________ the VMPL schedule and will lead to ________in the quantity of low-skill labor demanded.


A) shift up; an increase
B) shift up; a decrease
C) shift down; an increase
D) shift down; a decrease

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