Question: answer question below Refer to the following table. 24 Labor Output Price (D1) Price (D2) O $10.00 $10.00 1 16 10.00 9.50 2 31 10.00

answer question below

Refer to the following table. 24 Labor Output Price (D1) Price (D2) O $10.00 $10.00 1 16 10.00 9.50 2 31 10.00 9.00 pints 3 45 10.00 8.50 4 58 10.00 7.50 01:16:26 5 69 10.00 6.50 6 78 10.00 5.50 Assume that the labor market is perfectly competitive. Suppose the firm's product demand is given by the column labeled D2. If the wage rate rises from $100 eBook to $130, the firm will reduce the quantity of labor employed by unit(s). Multiple Choice O zero one O two O three :. . . ..................."." :.. .........; Fraw

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