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In a perfectly competitive labour market, if the labour supply increases and the labour demand decreases a. Wages decrease; the impact on employment is uncertain.
In a perfectly competitive labour market, if the labour supply increases and the labour demand decreases a. Wages decrease; the impact on employment is uncertain. b. Wages decrease; employment decreases. c. Wages increase; employment increases. d. The impact on wages is uncertain; employment decreases. e. Wages increase; employment increases
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Principles of economics
Authors: N. Gregory Mankiw
6th Edition
978-0538453059, 9781435462120, 538453052, 1435462122, 978-0538453042
