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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