Solved

Which One of the Following Would Increase the Equilibrium Wage

Question 44

Multiple Choice

Which one of the following would increase the equilibrium wage in an industry while also increasing the amount of labor employed?


A) An increase in the minimum wage effective in the industry
B) An increase in the number of immigrants available to work in the industry
C) A reduction in the selling price of the industry's product
D) An increase in the productivity of labor in the industry

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents