If the demand for labor increases, with no change in the supply of labor, then:
A) the wage rate will fall and the equilibrium quantity will increase.
B) the wage rate will fall and the equilibrium quantity will decrease.
C) the wage rate will rise and the equilibrium quantity will increase
D) the wage rate will rise and the equilibrium quantity will increase.
Correct Answer:
Verified
Q193: The firm's demand curve for labor is
Q194: Marginal product is:
A) the change in total
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Q201: Right to work laws:
A) outlaw union activity
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