Multiple Choice
Refer to the following figure when answering the following questions.
Figure 7.3: Labor Market
-In the labor market depicted in Figure 7.3, an increase in the income tax would result in a shift in labor:
A) supply from to
.
B) demand from to
.
C) demand from to
.
D) supply from to
.
E) None of these answers is correct.
Correct Answer:

Verified
Correct Answer:
Verified
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