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    Exam 12: The Markets for Labour and Other Factors of Production
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    Along an Upward Sloping Labour Supply Curve, as the Wage
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Along an Upward Sloping Labour Supply Curve, as the Wage

Question 7

Question 7

Multiple Choice

Along an upward sloping labour supply curve, as the wage rate increases, the opportunity cost of leisure ________, causing individuals to supply a ________ quantity of labour.


A) increases; greater
B) increases; lower
C) decreases; greater
D) remains constant, constant

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