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The Figure Below Shows the Supply Curve for Labor

Question 20

Multiple Choice

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>2 </sub>to W<sub>3 </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>3</sub> to Q<sub>4</sub>. C) quantity of labor supplied increases from Q<sub>4</sub> to Q<sub>5</sub>. D) quantity of labor supplied increases from Q<sub>2</sub> to Q<sub>4</sub>. E) quantity of labor supplied increases from Q<sub>3</sub> to Q<sub>5</sub>. Refer to Figure 15.1.When wage rate increases from W2 to W3 :


A) quantity of labor supplied increases from Q1 to Q4.
B) quantity of labor supplied decreases from Q3 to Q4.
C) quantity of labor supplied increases from Q4 to Q5.
D) quantity of labor supplied increases from Q2 to Q4.
E) quantity of labor supplied increases from Q3 to Q5.

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