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insherro insherro
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7 years ago
Assume wages paid by a firm to its workers decrease. What will be the reaction of consumers as the market moves to its new equilibrium?
A) Quantity demanded will decrease.
B) Quantity demanded will increase.
C) The demand curve will shift to the left.
D) There will be no reaction by consumers, since input prices determine supply, not demand.
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
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University of Ottawa - Economics for Managers
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andyborziandyborzi
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#1
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7 years ago
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insherro Author
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7 years ago
Smart ... Thanks!
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This calls for a celebration Person Raising Both Hands in Celebration
kevin12323h
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Thanks
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