-Refer to Figure 15.2. A decrease in wages is represented by a movement from point ________ to point ________.
A) d; c
B) c; b
C) a; b
D) a; e

Question

-Refer to Figure 15.2. A decrease in wages is represented by a movement from point ________ to point ________.
A) d; c 
B) c; b 
C) a; b 
D) a; e

Quizplus · Accepted Answer

A decrease in wages would typically cause a movement along the demand curve for labor from a point with a higher wage to a point with a lower wage, reflecting a decrease in the cost of labor and potentially an increase in the quantity of labor demanded.