Other things remaining the same,which of the following is likely to happen if an industry introduces labor-complementary technology in production?
A) There will be a rise in both the wage rate and the employment level in the industry.
B) There will be a fall in both the wage rate and the employment level in the industry.
C) There will be a fall in the wage rate and a rise in the employment level in the industry.
D) There will be a rise in the wage rate and a fall in the employment level in the industry.
Correct Answer:
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