Other things being equal,if the quantity of labor supplied is less than the quantity of labor demanded,wages will tend to fall.

Name: Other things being equal,if the quantity of labor supplied is less than the quantity of labor demanded,wages will tend to fall.
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Question

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If the quantity of labor supplied is less than the quantity of labor demanded, it creates a shortage of labor which, in turn, will lead to an increase in wages to attract more workers.

Other Things Being Equal,if the Quantity of Labor Supplied Is