Solved

Suppose Laborers Have Received a Substantial Pay Increase

Question 66

Multiple Choice
Suppose laborers have received a substantial pay increase. What would happen in those markets in which those workers are employed?

Suppose laborers have received a substantial pay increase. What would happen in those markets in which those workers are employed?


A) Demand would decrease.
B) Output would rise.
C) Price would fall.
D) Supply would increase.
E) Supply would decrease.

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