Question: When an increase in one variable is associated with a decrease in a second variable, the two variables are Question 10 options: proportionally related. inversely

When an increase in one variable is associated with a decrease in a second variable, the two variables are Question 10 options: proportionally related. inversely proportionally related. equivalent. positively related. negatively related.Consider the following figure. Chart, line chartDescription automatically generated If the diagram applies to the labour market, and P3 represents a legislated minimum wage, Question 13 options: the free-market equilibrium wage is P0 and the labour market is unaffected by the minimum wage. the amount of labour employed will rise from quantity F to quantity C. the labour market is in disequilibrium. there will be excess demand of AC in the labour market. there will be unemployment of AC in the labour market

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