An increase in the supply of labour in a factory while other things remain equal...
ECONOMICS
JAMB 1994
An increase in the supply of labour in a factory while other things remain equal will lead to?
- A. an increase in the wage rate and an increase in the number of people employed
- B. a decreased in the wage rate and a decrease in employment
- C. an increase in the wage rate and an decrease in the employment
- D. a decrease in the wage rate and an increase in employment
Correct Answer: D. a decrease in the wage rate and an increase in employment
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