The relationship between the wage rate and the quantity of labor that workers wish to supply in total is called:
a. the market supply curve for labor
b. the market demand curve for labor.
c. an individual demand curve for labor.
d. an individual supply curve for labor.
a
Economics
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Skateboards International of Mavericks Beach, California, was able to sell 20,000 skateboards at a price of $60 last year. This year it is able to sell only 12,000 of the same skateboards at a price of $60. Evidently, Skateboard International has experienced a(n):
a. increase in quantity supplied. b. increase in demand c. increase in supply. d. decrease in demand.
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