Question
When the wage rate increases, the quantity of labour supplied decreases.
Answer: Option A
:
A
Supply of labour also follows the law of supply. Wage rate is the price of labour. As wage rate increases, the quantity of labour supplied decreases.
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:
A
Supply of labour also follows the law of supply. Wage rate is the price of labour. As wage rate increases, the quantity of labour supplied decreases.
Was this answer helpful ?
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