Monopoly, Competition & Labour Market Mcqs


Q.  A decrease in the supply of labour is likely to lead to ?

a. A lower equilibrium wage and lower quantity of labour
b. A lower equilibrium wage and higher quantity of labour
c. A higher equilibrium wage and higher quantity of labour
d. A higher equilibrium wage and lower quantity of labour


ANSWER: See Answer
 
No explanation is available for this question!
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