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Refer to the Information Provided in Figure 13

Question 245

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Refer to the information provided in Figure 13.1 below to answer the questions that follow. Refer to the information provided in Figure 13.1 below to answer the questions that follow. Figure 13.1 -Refer to Figure 13.1. According to classical economists, if the wage rate is $15 the wage rate will ________ to eliminate the ________. A) decline; surplus B) decline; shortage C) increase; surplus D) increase; shortage Figure 13.1
-Refer to Figure 13.1. According to classical economists, if the wage rate is $15 the wage rate will ________ to eliminate the ________.


A) decline; surplus
B) decline; shortage
C) increase; surplus
D) increase; shortage

Correct Answer:

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