A new technology that increases the productivity of chefs has what effect on the labour market for chefs?
A) The wage rate will rise, and quantity of chefs employed will fall.
B) The wage rate will rise, and the quantity of chefs employed will rise.
C) The wage rate will fall, and quantity of chefs employed will fall.
D) The wage rate will fall, and the quantity of chefs employed will rise.
Correct Answer:
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