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Figure: The Demand for Bricklayers
-(Figure: The Demand for Bricklayers) Look at the figure The Demand for Bricklayers. If the equilibrium market wage rate for bricklayers rises from $80 to $100, the _____ bricklayers will _____.
A) demand for; rise
B) quantity demanded of; rise
C) demand for; fall
D) quantity demanded of; fall

Question

Use the following to answer questions:
Figure: The Demand for Bricklayers 
-(Figure: The Demand for Bricklayers) Look at the figure The Demand for Bricklayers. If the equilibrium market wage rate for bricklayers rises from $80 to $100, the _____ bricklayers will _____.
A) demand for; rise 
B) quantity demanded of; rise 
C) demand for; fall 
D) quantity demanded of; fall

Quizplus · Accepted Answer

When the wage rate increases, the quantity demanded of labor typically decreases because employers are less willing to hire at higher wages.

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