Question 4

Suppose wages paid by a firm increase what would reasonably be expected to happen to the equilibrium price and equilibrium quantity for the firm's output?

  • A.Price increases, quantity decreases
  • B.Price decreases, quantity decreases
  • C.Price decreases, quantity increases
  • D.Price increases, quantity increases
Objective

Question details

Exam body
OAU
Subject
Economics
Year
2007/2007
Question no.
#4
Type
Objective

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