If the Demand for Labour Is Unchanged, an Increase in the Supply

question 213

Multiple Choice

If the demand for labour is unchanged, an increase in the supply of labour will lead to

• A)a decrease in the quantity of labour demanded and a decrease in the equilibrium wage.
• B)an increase in the quantity of labour demanded and a decrease in the equilibrium wage.
• C)an increase in the quantity of labour demanded and an increase in the equilibrium wage.
• D)a decrease in the quantity of labour demanded and an increase in the equilibrium wage.

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Definitions:

Spirituality

Concern with the sacred, as distinguished from material matters. In contrast to religion, spirituality is often individual rather than collective and does not require a distinctive format or traditional organization.

Religion

An organized system of ideas about the spiritual sphere or the supernatural, along with associated ceremonial practices by which people try to interpret and/or influence aspects of the universe otherwise beyond their control.

Food Foraging

A mode of subsistence involving some combination of hunting, fishing, and gathering of wild plant foods.

Spirituality

The quality or state of being concerned with religion or religious matters; the personal pursuit for meaning and connection with the sacred.