Assume the market for candles is competitive. A decrease in the market price of candles
A) decreases the demand for workers who make candles and decreases their equilibrium wage.
B) decreases the demand for workers who make candles and increases their equilibrium wage.
C) increases the demand for workers who make candles and decreases their equilibrium wage.
D) increases the demand for workers who make candles and increases their equilibrium wage.
Correct Answer:
Verified
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