MCQOPTIONS
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MCQOPTIONS
This section includes 51 Mcqs, each offering curated multiple-choice questions to sharpen your Economics knowledge and support exam preparation. Choose a topic below to get started.
| 51. |
A decrease in the supply of labour is likely to lead to ? |
| A. | A lower equilibrium wage and lower quantity of labour |
| B. | A lower equilibrium wage and higher quantity of labour |
| C. | A higher equilibrium wage and higher quantity of labour |
| D. | A higher equilibrium wage and lower quantity of labour |
| Answer» E. | |