Multiple Choice
If the demand for labor increased but more slowly than the supply
A) wages would rise.
B) wages would fall.
C) there would be an increase in the amount of laborers employed.
D) both (b) and (c) would result.
Correct Answer:
Verified
Related Questions
Q144: Unions tend to:
A) shift labor from the
Q145: Bob's Baubles,Inc.,sells its product for $3 each
Q146: If an increase occurs in the demand
Q147: Which of the following would not shift
Q148: Labor unions
A) are formed to increase members'
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents