An increase in the wage rate_{-------------} the quantity of labor supplied and _{-------------}the quantity of
Labor demanded.

Name: An increase in the wage rate ------------- the quantity of labor supplied and ------------- the quantity of Labor demanded.
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Question

An increase in the wage rate_{-------------} the quantity of labor supplied and _{-------------}the quantity of Labor demanded.

Quizplus · Accepted Answer

An increase in the wage rate typically increases the quantity of labor supplied as more workers are willing to work at higher wages, but it decreases the quantity of labor demanded as employers may hire fewer workers due to higher costs.

An Increase in the Wage Rate------------- the Quantity of Labor

An Increase in the Wage Rate_{-------------} the Quantity of Labor