MCQOPTIONS
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MCQOPTIONS
| 1. |
A fall in demand for 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» C. A higher equilibrium wage and higher quantity of labour | |