Figure 18-2 Wage W₂ 4₂ Supply Demand Quantity of Labour (# of apple pickers) Refer to Figure 18-2. If the price of apples increases, what will happen to the wage and the hiring of apple pickers? O a. The wage will decrease, and fewer apple pickers will be hired. O b. The wage will decrease, and more apple pickers will be hired. OC. The wage will increase. and more apple pickers will be hired. O d. The wage will increase, and fewer apple pickers will be hired.
Figure 18-2 Wage W₂ 4₂ Supply Demand Quantity of Labour (# of apple pickers) Refer to Figure 18-2. If the price of apples increases, what will happen to the wage and the hiring of apple pickers? O a. The wage will decrease, and fewer apple pickers will be hired. O b. The wage will decrease, and more apple pickers will be hired. OC. The wage will increase. and more apple pickers will be hired. O d. The wage will increase, and fewer apple pickers will be hired.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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