Economics WAEC

An increase in the supply of labour in a factory while other things remain equal will lead to?

A. an increase in the wage rate and an increase in the number of people employed
B. a decreased in the wage rate and a decrease in employment
C. an increase in the wage rate and a decrease in the employment
D. a decrease in the wage rate and an increase in employment

Correct Answer:

Option D – a decrease in the wage rate and an increase in employment

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