If the Supply of Labor Increases,then the Equilibrium Wage Rate

question 92

Multiple Choice

If the supply of labor increases,then the equilibrium wage rate ________ and the equilibrium quantity of labor ________.

• A) rises; increases
• B) might rise, fall, or not change; increases
• C) rises; might increase, decrease, or not change
• D) falls; increases
• E) falls; does not change