Exhibit 11-4 Supply and demand curves for food servers
If the equilibrium wage rate in Exhibit 11-4 increased, the cause could be that:
A. the wage increased.
B. the marginal product of labor decreased.
C. either the demand for labor increased or the supply of labor decreased.
D. the price of the product produced by the labor decreased.
Answer: C
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Answer the following statement true (T) or false (F)
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