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According to basic microeconomic theory, if the demand for labor exceeds its supply, and there are no substitutes, the labor force ________wage rate. Select one:

According to basic microeconomic theory, if the demand for labor exceeds its supply, and there are no substitutes, the labor force ________wage rate. Select one:

a. has no change in b. cannot command a higher c. can command a higher d. directly arbitrates a new

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