WAEC Economics 2015 Objective — Question 26
Question 26 of 50 from the West African Examinations Council (WAEC) Economics 2015 Objective paper, with the correct answer and a full explanation.
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Which of the following will increase the demand for labour?
- A. Increase wage rate
- B. Labour's demand for output
- C. Low wage rateCorrect
- D. Low marginal productivity of labour
Explanation
According to the law of demand for labour, a lower wage rate increases the quantity of labour demanded by employers, all else equal.
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