Q107
The following factor would be relatively low if supply of labour is higher than demand.
A.
production
B.
labour cost
C.
wage
AnswerD.
all of the above
Answer: Option C
Solution
Answer: Option C
Solution:
Wage factor would be relatively low if supply of labour is higher than demand. Wages are the price that workers receive for their labor in the form of salaries, bonuses, royalties, commissions, and fringe benefits, such as paid vacations, health insurance, and pensions.