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Question
The government recently imposed a number of regulations on companies that will make it more expensive for companies to hire workers. What consequence will this have on market?
a. These regulations raise the cost of labor and shift supply to the left.
b. These regulations raise the cost of labor and shift supply to the right.
c. These regulations raise the cost of labor and cause a rightward movement along the supply curve.
d. These regulations raise the cost of labor and cause a leftward movement along the supply curve.
e. These regulations will not affect the supply curve.
Answer
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Related questions
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