Solved

Other Things Remaining the Same,which of the Following Is Likely

Question 110

Multiple Choice

Other things remaining the same,which of the following is likely to decrease both the wage rate and the number of workers hired on a tea estate?


A) An increase in the price of tea
B) A decrease in the price of tea
C) A decrease in the opportunity cost of leisure
D) An increase in the opportunity cost of leisure

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents