Author Question: A decrease in demand will cause the equilibrium price and quantity of a good to fall, ceteris ... (Read 87 times)

segrsyd · **on:** Jun 30, 2018

A decrease in demand will cause the equilibrium price and quantity of a good to fall, ceteris paribus.

Indicate whether the statement is true or false

Question 2

The impact of an increase in the wage rate on labor supply will be represented by ________, assuming all else equal.

A) a rightward shift of the labor supply curve.
B) a leftward shift of the labor supply curve.
C) an upward movement along the labor supply curve.
D) a downward movement along the labor supply curve.