-Refer to the production possibility graph above.Assume that the economy is in equilibrium at point e.If there is an increase in the wage rate,the new equilibrium is most likely to be
A) point e.
B) point d.
C) point f.
D) point h.
E) point b.

Question

-Refer to the production possibility graph above.Assume that the economy is in equilibrium at point e.If there is an increase in the wage rate,the new equilibrium is most likely to be
A) point e. 
B) point d. 
C) point f. 
D) point h. 
E) point b.

Quizplus · Accepted Answer

The Answer of 
-Refer to the production possibility graph above.Assume that the economy is in equilibrium at point e.If there is an increase in the wage rate,the new equilibrium is most likely to be
A) point e. 
B) point d. 
C) point f. 
D) point h. 
E) point b.

-Refer to the Production Possibility Graph Above