Classic economic theory argues that ______.
a. the price of labour is not fixed where the supply of labour intersects with the demand for labour.
b. the price of labour is fixed where the supply of labour intersects with the demand for labour.
c. the price of labour is not linked to the demand for labour.
d. the price of labour is fixed to the demand for labour
b. the price of labour is fixed where the supply of labour intersects with the demand for labour.
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