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  3. labor demand is in the wage because a...

Question: labor demand is in the wage because a...

Question details

Labor demand is ____________ in the wage because __________.

A

increasing / the higher the wage, the more people demand work.

B

increasing / higher productivity means higher wages.

C

decreasing / the marginal product of labor declines with the amount of labor hired.

D

decreasing / the higher the wage, the wealthier workers are and therefore the less they are inclined to ask for work.

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