Multiple Choice
Use the following to answer question(s) : Wage Determination in Perfect Competition
-(Exhibit: Wage Determination in Perfect Competition) All other things unchanged, if the workers in this exhibit are construction workers and there is a slump in construction activity:
A) the market wage of labor will increase.
B) less labor will be hired.
C) the supply of labor will fall.
D) the demand for construction workers will increase.
Correct Answer:
Verified
Correct Answer:
Verified
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