Consider a Labor Market in Equilibrium

question 227

Multiple Choice

Consider a labor market in equilibrium. If both demand curve and supply curve of labor shift to the right, then the wage rate in the market will ________.

• A) increase
• B) decrease
• C) remain unchanged
• D) either increase or decrease or remain unchanged

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Definitions:

Crystal Violet

A triarylmethane dye used in microbiology to stain cells, particularly in the Gram staining procedure to identify and classify bacteria.

Primary Dye

A basic colorant used in staining or coloring materials, essential for establishing the base color in various applications.

Staining Technique

A laboratory method used to enhance the visibility of cells or cell components under a microscope by applying colored chemicals.

Catheterization

The process of inserting a catheter (a thin tube) into a body cavity, duct, or vessel to allow for drainage, injection of fluids, or access by surgical instruments.