Multiple Choice
Use the following to answer questions :
Figure: Equilibrium in the Labour Market
-(Figure: Equilibrium in the Labour Market) Use Figure: Equilibrium in the Labour Market.In the figure,a decrease in the price of the good produced,when everything else stays the same,will lead to a(n) _____ in the equilibrium quantity of labour and a(n) _____ in the equilibrium price of labour.
A) increase;increase
B) decrease;increase
C) increase;decrease
D) decrease;decrease
Correct Answer:

Verified
Correct Answer:
Verified
Q72: One reason that wage discrimination based on
Q74: A shift in demand for a given
Q222: When wages increase,if the income effect dominates,the
Q223: In terms of labour supply,the income effect
Q224: Suppose that the labour market for plumbers
Q225: Use the following to answer questions
Q226: If the wage rate rises,firms will find
Q231: In terms of contribution to total Canadian
Q232: Decisions about labour supply result from decisions
Q264: The opportunity cost of an hour of