Solved

Figure 7.2 -Refer to Figure 7.2. According to Classical Economists If the If

Question 105

Multiple Choice

Figure 7.2 -Refer to Figure 7.2. According to classical economists if the wage rate is: A) $12, the wage rate will decline to eliminate the surplus. B) $7, the wage rate will decline to eliminate the surplus. C) $12, the wage rate will increase to eliminate the shortage. D) $12, the wage rate will decline to eliminate the shortage. Figure 7.2
-Refer to Figure 7.2. According to classical economists if the wage rate is:

A) $12, the wage rate will decline to eliminate the surplus.
B) $7, the wage rate will decline to eliminate the surplus.
C) $12, the wage rate will increase to eliminate the shortage.
D) $12, the wage rate will decline to eliminate the shortage.

Correct Answer: