Income inequality is greatest in which of these four? countries?

An increase in the real wage rate will cause

A) the labor demand curve to shift to the right. B) the labor demand curve to shift to the left. C) the quantity of labor demanded to rise. D) a movement along the labor demand curve.

Adam's Apples, a small firm supplying apples in a perfectly competitive market, decides to cut its production in half this year. As a result, the

a. market price will rise b. market price will fall c. market quantity will rise d. market price will not be affected e. total expenditures on apples will rise