If the Labor Market Is in Equilibrium and Then the Labor

question 193

Multiple Choice

If the labor market is in equilibrium and then the labor supply curve shifts rightward,

• A) the equilibrium wage rate will rise.
• B) there will be a surplus of labor at the original equilibrium wage rate.
• C) there will be a surplus of jobs at the new equilibrium.
• D) there will be a shortage of labor at the original equilibrium wage rate.

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