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QUESTION 1 4 If most people's desire for leisure increases, which one of the following statements is correct? The wage rate would fall, and the

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14

If most people's desire for leisure increases, which one of the following statements is correct?

The wage rate would fall, and the quantity of products produced would rise.

Both the wage rate and the quantity of products produced would fall.

The wage rate would fall, and the demand for labour would increase.

The wage rate would rise, and the quantity of products produced would fall.

Both the wage rate and the quantity of products produced would rise.

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