All Else Equal,if the Demand for Labour Increases and the Supply

question 4

Multiple Choice

All else equal,if the demand for labour increases and the supply of labour does not change,the equilibrium real wage will ________ and the equilibrium quantity of labour will ________.

• A) increase; increase
• B) increase; not change
• C) decrease; decrease
• D) not change; increase

---

Definitions:

Monozygotic

Describing twins originating from one zygote that splits and forms two embryos, commonly known as identical twins.

Neurotransmitter

A chemical substance released at the end of a nerve fiber by the arrival of a nerve impulse, which by diffusing across the synapse causes the transfer of the impulse to another nerve fiber, a muscle fiber, or some other structure.

Industry Vs. Inferiority

The fourth stage of Erik Erikson's stages of psychosocial development, occurring during childhood, focuses on mastering skills and competencies leading to feelings of industry, or feeling incompetent, which leads to feelings of inferiority.

Erikson's Stage

Stages of psychosocial development proposed by Erik Erikson, each characterized by specific challenges and tasks that contribute to personality growth.