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Question 37 (Multiple Choice Worth 1 points) (05.02 MC) If consumer tastes and preferences cause the equilibrium price of a product to decrease steadily over

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Question 37 (Multiple Choice Worth 1 points) (05.02 MC) If consumer tastes and preferences cause the equilibrium price of a product to decrease steadily over time, ceteris paribus, what will happen to the market wage for the labor to produce that product? It will increase. It will decrease. O It will not be affected. It will decrease and then increase back to its original equilibrium. O Insufficient information to determine

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