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Joshua Brophy
on Dec 05, 2024

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An increase in the demand for autoworkers would NOT come about because of a(n) :

A) increase in the price of cars.
B) decrease in the market wage rate.
C) increase in the productivity of autoworkers.
D) increase in the supply of other factors that autoworkers use in production.

Market Wage Rate

The prevailing rate of pay for a specific job in a given labor market.

  • Apprehend the link between the cost of a product and the demand for the resource that manufactures it.
  • Assess the relationship between labor productivity changes and labor demand dynamics.
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Monica HuangDec 06, 2024
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