ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Labor costs are rising through the roof! Minimum wages are now at $25 an hour. This means even the basic item will need to cost more to keep up with rising costs. What determinant of supply does this most relate to?
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Change in Technology
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Change in Number of Sellers in the Market
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Change in Cost of Factors of Production
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None of the above
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Explanation:
There is 1 question to complete.