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-In the Figure, When the Real Wage Rate Is $10

Question 113

Multiple Choice

-In the figure, when the real wage rate is $10 an hour, A) a shortage of labor exists and the real wage rate will rise. B) the demand for labor will increase. C) the demand for labor will decrease. D) a surplus of labor exists and the real wage rate will fall.
-In the figure, when the real wage rate is $10 an hour,


A) a shortage of labor exists and the real wage rate will rise.
B) the demand for labor will increase.
C) the demand for labor will decrease.
D) a surplus of labor exists and the real wage rate will fall.

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