Which of the Following Will Occur If Labor Demand and Supply

question 5

Multiple Choice

Which of the following will occur if labor demand and supply simultaneously increase?

• A)An increase in equilibrium wages and ambiguous change in the equilibrium quantity of labor
• B)An ambiguous change in equilibrium wages and equilibrium quantity of labor
• C)An ambiguous change in equilibrium wages and an increase in the equilibrium quantity of labor
• D)A decrease in equilibrium wages and an increase in the equilibrium quantity of labor

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Definitions:

Labor Problems

Challenges and issues related to the workforce, including disputes between employers and employees, working conditions, wages, and workers' rights.

Labor Markets

Economic markets that deal with employment, wages, and work conditions, reflecting the demand and supply of labor.

Human Resource Professionals

Individuals who work within an organization's human resource department, responsible for implementing policies and procedures relating to the management of individuals.

Threat Of Unionization

Refers to the potential risk or possibility of employees joining or forming a union, which can lead employers to improve working conditions or negotiate terms to prevent unionization.