If Both the Demand for Labor and the Supply of Labor

question 69

Multiple Choice

If both the demand for labor and the supply of labor increase,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; decreases

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Definitions:

Physical Stress

A type of stress related to the body's physical state or the physical demands placed on it, such as illness or intense exercise.

Subliminal Stimulation

A type of sensory stimulation that is below an individual's threshold for conscious perception, often used in studies exploring unconscious influence.

Shoplifting

The act of stealing goods from a retail establishment, typically by concealing them on one's person.

Soundtrack

The audio component of a film, video game, or television program, including music, dialogue, and sound effects, that enhances the emotional and narrative aspects.