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. |
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| B |
increasing / higher productivity means higher wages. |
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| 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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