Which of the Following Summarises the Impact of Population Growth

question 226

Multiple Choice

Which of the following summarises the impact of population growth on the labour market?

• A)This will increase the labour supply, reduce the equilibrium wage and increase the quantity of labour demanded.
• B)There will be an increase in the demand for labour.As a result, the wage rate will rise and the quantity of workers supplied will decrease.
• C)There will be an increase in the demand for jobs.This will result in an increase in the equilibrium wage rate and a movement along the labour supply curve.
• D)There will be an increase in both the demand for labour and the supply of labour.As a result, the equilibrium wage will not change.

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