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-What Would We Expect to Occur in This Competitive Labor

Question 5

Multiple Choice

-What would we expect to occur in this competitive labor market if the wage were $8 per hour? A) Wages and employment would increase. B) Wages and employment would decrease. C) Wages would increase and employment would decrease. D) Wages would decrease and employment would increase.
-What would we expect to occur in this competitive labor market if the wage were $8 per hour?


A) Wages and employment would increase.
B) Wages and employment would decrease.
C) Wages would increase and employment would decrease.
D) Wages would decrease and employment would increase.

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