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-Refer to Figure 17

Question 97

Multiple Choice

-Refer to Figure 17.2.If the supply of labor decreases,then equilibrium wage will ________ and equilibrium quantity of hours will ________. A) rise; fall B) fall; fall C) rise; rise D) fall; rise
-Refer to Figure 17.2.If the supply of labor decreases,then equilibrium wage will ________ and equilibrium quantity of hours will ________.


A) rise; fall
B) fall; fall
C) rise; rise
D) fall; rise

Correct Answer:

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