A decrease in the supply of labour is likely to lead to ? – McqOptions

MCQOPTIONS

1.	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» E.

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