A decrease in wages will increase the supply of most goods.

Name: A decrease in wages will increase the supply of most goods.
Brand: Quizplus
Rating: 4.7 (58 reviews)

Question

Quizplus · Accepted Answer

A decrease in wages will lead to lower production costs for firms, which will increase their profit margins. This will motivate them to increase their production and supply of goods, which will result in an overall increase in the supply of most goods in the market.

A Decrease in Wages Will Increase the Supply of Most