[Solved] What Is the Most Likely Effect of an Increase in the Demand

Question 79
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What is the most likely effect of an increase in the demand for a particular type of labour?


A)The wage rate for that type of labour will rise,and the quantity hired will decrease.
B)The wage rate for that type of labour will rise,and the quantity hired will also increase.
C)The wage rate for that type of labour will rise,but the quantity hired will remain unchanged.
D)The wage rate for that type of labour will fall,and the quantity hired will increase.

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