Suppose That the Market for Labor Is Initially in Equilibrium

question 538

Multiple Choice

Suppose that the market for labor is initially in equilibrium. If the firm employs labor-saving technology, the equilibrium wage

• A)and the equilibrium quantity of labor will rise.
• B)and the equilibrium quantity of labor will fall.
• C)will rise, and the equilibrium quantity of labor will fall.
• D)will fall, and the equilibrium quantity of labor will rise.

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