An increase in the real wage would result in a
A) movement along the labor demand curve, causing an increase in the number of workers hired by the firm.
B) shift of the labor demand curve, causing an increase in the number of workers hired by the firm.
C) movement along the labor demand curve, causing a decrease in the number of workers hired by the firm.
D) shift of the labor demand curve, causing a decrease in the number of workers hired by the firm.
C
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A public good is available to all regardless of who pays for it and who does not
a. True b. False
The quantity sold in a market will decrease if the government
a. decreases a binding price floor in that market. b. increases a binding price ceiling in that market. c. increases a tax on the good sold in that market. d. All of the above are correct.