Early during the Industrial Revolution, unskilled and skilled labor were complements of production. All else equal, a decrease in the wages paid to unskilled labor caused the equilibrium wage for skilled labor to

Early during the Industrial Revolution, unskilled and skilled labor were complements of production. All else equal, a decrease in the wages paid to unskilled labor caused the equilibrium wage for skilled labor to



a. decrease.
b. not change.
c. change uncertainly.
d. increase.


Answer: d


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