SophiaPretty

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Category > Business & Finance Posted 02 Sep 2017 My Price 6.00

We would expect that a fall in labor supply will have a proportionately larger effect

 

We would expect that a fall in labor supply will have a proportionately larger effect on the market wage rate when
A. labor represents a relatively small portion of total costs. B. the product produced in the industry has several close substitutes. C. capital goods exist that can replace many of the workers. D. the product produced in the industry makes up a large portion of most families' budgets. 

Answers

SophiaPretty
(5)
Status NEW Posted 02 Sep 2017 06:09 AM My Price 6.00

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