The following figure shows wage versus labor demand.
-Refer to the figure above.If there is an increase in the number of women in the labor market who have children and stay home with them instead of working,what will happen to the wage rate?
A) It will increase as a result of a shift in the labor supply curve.
B) It will decrease as a result of a shift in the labor supply curve.
C) It will increase as a result of a shift in the labor demand curve.
D) It will decrease as a result of a shift in the labor demand curve.
Correct Answer:
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