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Supply — Economics STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsSupply2 Marks
Question
Why does the supply of labour decrease, when the price of certain kinds of labour increases ?
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Answer

  • Some labourers want to get certain expected wages for their work and when their wages increases, they reduce the hours of work and prefer rest. Thus, the. supply of labour decreases.

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