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Which of the following would increase the demand for labor? (i)a decrease in the output price (ii)an increase in the output price (iii)a labor-saving technological
Which of the following would increase the demand for labor?
(i)a decrease in the output price
(ii)an increase in the output price
(iii)a labor-saving technological advance
(iv)a labor-augmenting technological advance
a.(i) only
b.(i) and (iii) only
c.(ii) only
d.(ii) and (iv) only
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