If the Demand for Labor Is Unchanged, an Increase in the Supply

question 92

Multiple Choice

If the demand for labor is unchanged, an increase in the supply of labor will lead to

• A)a decrease in the quantity of labor demanded and a decrease in the equilibrium wage.
• B)an increase in the quantity of labor demanded and a decrease in the equilibrium wage.
• C)an increase in the quantity of labor demanded and an increase in the equilibrium wage.
• D)a decrease in the quantity of labor demanded and an increase in the equilibrium wage.

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Definitions:

Intimacy

A state of close familiarity or friendship, often referencing emotional closeness in relationships.

Autonomy

The capacity to make an informed, uncoerced decision independently, often discussed in the context of moral, ethical, or legal decision making.

Negligent

Failing to take proper care in doing something, often leading to harm or damage as a result of this carelessness.

Authoritarian

Pertaining to a system of government or leadership style that emphasizes strict obedience to authority at the expense of personal freedom.