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Referring to the Previous Question,all Else Constant,a 5 Unit Increase

Question 34

Multiple Choice
Referring to the previous question,all else constant,a 5 unit increase in the wage index would cause:

Referring to the previous question,all else constant,a 5 unit increase in the wage index would cause:


A) quantity supplied to increase by 9 units and be shown by a movement up the supply curve.
B) quantity supplied to decrease by 9 units and be shown by a movement down the supply curve.
C) quantity supplied to increase by 9 units and be shown by a rightward shift of the supply curve.
D) quantity supplied to decrease by 9 units and be shown by a leftward shift of the supply curve.

Correct Answer:

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