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Author Question: Which of the following is likely to cause an increase in the wage rate and a fall in the employment ... (Read 85 times)

123654777

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on: Jun 29, 2018
Which of the following is likely to cause an increase in the wage rate and a fall in the employment level in a country?
 
  A) A right shift in the demand curve for labor, without any change in the supply curve for labor
  B) A left shift in the demand curve for labor, without any change in the supply curve for labor
  C) A right shift in the supply curve for labor, without any change in the demand curve for labor
  D) A left shift in the supply curve for labor, without any change in the demand curve for labor

Question 2

A substitution effect of a price change is represented by:
 
  A) movement along the same indifference curve.
  B) movement to a different indifference curve.
  C) a change in the initial budget line to a new budget line.
  D) a change in the slope of the initial budget line.


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JCABRERA33

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


123654777

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

milbourne11

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Reply 3 on: Yesterday
Excellent

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