Other things remaining the same,which of the following is likely to happen if the price of flour products decreases?
A) Both the wage rate and the employment level in the flour industry will decrease.
B) Both the wage rate and the employment level in the flour industry will increase.
C) The wage rate will increase and the employment level will decrease in the flour industry.
D) The wage rate will decrease and the employment level will increase in the flour industry.
Correct Answer:
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