8
Question
When the wage rate increases, the quantity of labour supplied decreases.
When the wage rate increases, the quantity of labour supplied decreases.
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Solution
The correct option is A True
Supply of labour also follows the law of supply. Wage rate is the price of labour. As wage rate increases, the quantity of labour supplied decreases.
True
Supply of labour also follows the law of supply. Wage rate is the price of labour. As wage rate increases, the quantity of labour supplied decreases.
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