An increase in the wage rate will cause
a. increased employment
b. a leftward shift in the labor supply curve
c. an upward movement along the labor supply curve
d. a rightward shift of the labor supply curve
e. a leftward shift of the labor demand curve
C
Economics
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A single-price monopoly transfers
A) consumer surplus to producers. B) producer surplus to consumers. C) economic profit to consumers. D) economic profit to the government. E) economic profit to deadweight loss.
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The willingness of consumers to buy a product at different prices is shown on a
A) demand curve. B) supply curve. C) production possibilities frontier. D) marginal cost curve.
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