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The Figure Below Shows the Supply Curve for Labor

Question 10

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The figure below shows the supply curve for labor. Figure 15.1 The figure below shows the supply curve for labor. Figure 15.1 - Refer to Figure 15.1.When wage rate increases from W<sub>3</sub> to W<sub>5</sub>: A) quantity of labor supplied increases from Q<sub>1</sub>to Q<sub>4</sub>. B) quantity of labor supplied decreases from Q<sub>5</sub> to Q<sub>2</sub>. C) quantity of labor supplied increases from Q<sub>2</sub> to Q<sub>4</sub>. D) quantity of labor supplied decreases from Q<sub>4</sub> to Q<sub>2</sub>. E) quantity of labor supplied increases from Q<sub>1</sub> to Q5<sub>4</sub>.
- Refer to Figure 15.1.When wage rate increases from W3 to W5:


A) quantity of labor supplied increases from Q1to Q4.
B) quantity of labor supplied decreases from Q5 to Q2.
C) quantity of labor supplied increases from Q2 to Q4.
D) quantity of labor supplied decreases from Q4 to Q2.
E) quantity of labor supplied increases from Q1 to Q54.

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