Multiple Choice
In a competitive market for labor, the market demand curve for labor:
A) and the market supply curve of labor are both downward sloping.
B) is downward sloping, and the market supply curve of labor is upward sloping.
C) and the market supply curve of labor are both horizontal at the going market price.
D) is horizontal at the going market price, and the market supply curve of labor is upward sloping.
Correct Answer:
Verified
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