1263EconomicsMedium
A fall in demand for labour is likely to lead to?
AA higher equilibrium wage and higher quantity of labour
BA higher equilibrium wage and lower quantity of labour
CA lower equilibrium wage and lower quantity of labour
DA lower equilibrium wage and higher quantity of labour
Correct answer
D. A lower equilibrium wage and higher quantity of labour
Explanation
The correct answer is A lower equilibrium wage and higher quantity of labour.