Solved

An Increase in the Population and Hence the Supply of Labour

Question 117

Multiple Choice

An increase in the population and hence the supply of labour causes a


A) shortage of labour at the original real wage rate and the real wage rate will fall.
B) shortage of labour at the original real wage rate and the real wage rate will rise.
C) surplus of labour at the original real wage rate and the real wage rate will rise.
D) surplus of labour at the original real wage rate and the real wage rate will fall.

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