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Sublight2097 Sublight2097
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Posts: 4132
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8 years ago
Higher relative wages for labor tends to
A) increase the supply of labor.
B) decrease the demand for labor.
C) encourage firms to find substitutes, such as automation.
D) accomplish all of the above.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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SydnieSydnie
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#1
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8 years ago
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Sublight2097 Author
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#2
8 years ago
My mind was going in all different directions trying to figure this one out. Thanks so much.
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#3
8 years ago
I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome Slight Smile
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