Q
A fall in demand for labour is likely to lead to ?
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A
A. A lower equilibrium wage and lower quantity of labour
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B
B. A lower equilibrium wage and higher quantity of labour
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C
C. A higher equilibrium wage and higher quantity of labour
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D
D. A higher equilibrium wage and lower quantity of labour
Correct Answer:
B. B. A lower equilibrium wage and higher quantity of labour
