If other things are held constant,an increase in wages earned by workers in the steel industry will cause

Name: If other things are held constant,an increase in wages earned by workers in the steel industry will cause
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Question

Quizplus · Accepted Answer

An increase in wages in the steel industry raises production costs for auto manufacturers (assuming they use steel), which can lead to a decrease in the supply of autos as it becomes more expensive to produce them.

If Other Things Are Held Constant,an Increase in Wages Earned