Multiple Choice
If the demand for labour is unchanged, an increase in the supply of labour will lead to
A) a decrease in the quantity of labour demanded and a decrease in the equilibrium wage.
B) an increase in the quantity of labour demanded and a decrease in the equilibrium wage.
C) an increase in the quantity of labour demanded and an increase in the equilibrium wage.
D) a decrease in the quantity of labour demanded and an increase in the equilibrium wage.
Correct Answer:
Verified
Correct Answer:
Verified
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