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17-04-2024
Business

Answered

Which of the following summarizes the relationship between the market demand for labor and the level of wages?
1) The lesser the demand for labor, the higher the average level of wages.
2) There is no relationship between the demand for labor and the level of wages.
3) The greater the demand for labor, the lower the average level of wages.
4) The greater the demand for labor, the higher the average level of wages.

Answer :

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