The market for hand carved sasquatch figurines is perfectly competitive. The labor market for the workers who carve the figurines is also perfectly competitive. Assume capital and labor are complementary in the production of wooden figurines.
Which of the following increases the demand for labor?
Choose 1 answer:
(A) an increase in worker productivity
(B) an increase in the wage rate
(C) an increase in the price of capital
(D) a decrease in the price of figurines
(E) an increase in the wage rate for workers in other labor markets
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