Question

If the price of TVs produced by XYZ-TV Company falls from $1,000 to $750 per TV set, then the:

A. supply of labor to the XYZ-TV Company increases.
B. supply of labor to the XYZ-TV Company decreases.
C. demand for labor by the XYZ-TV Company increases.
D. demand for labor by the XYZ-TV Company decreases.

Answer

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