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    Principles of Economics Study Set 1
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    Exam 20: The Labor Market: Workers, Wages, and Unemployment
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    An Increase in the Price of the Output Produced by Labor
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An Increase in the Price of the Output Produced by Labor

Question 85

Question 85

Multiple Choice

An increase in the price of the output produced by labor will:


A) increase the supply of labor.
B) decrease the supply of labor.
C) increase the demand for labor.
D) decrease the demand for labor.

Correct Answer:

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