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If the Supply of Labor Increases,then the Equilibrium Wage Rate

Question 92

Multiple Choice

If the supply of labor increases,then the equilibrium wage rate ________ and the equilibrium quantity of labor ________.


A) rises; increases
B) might rise, fall, or not change; increases
C) rises; might increase, decrease, or not change
D) falls; increases
E) falls; does not change

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