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Supply of Labor in Perfect Competition
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Problem 10
Supply of Labor in Perfect Competition
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15. Markets for the Factors of Production / Supply of Labor in Perfect Competition / Problem 5
Problem 5
What happens to the market supply of labor when wages increase?
A
The market supply curve shifts left.
B
The market supply curve remains unchanged.
C
The quantity of labor supplied increases.
D
The quantity of labor supplied decreases.
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