Which of the Following Would Cause an Increase in the Equilibrium

question 6

Multiple Choice

Which of the following would cause an increase in the equilibrium wage?

• A) The supply of labour increases more than the demand for labour.
• B) The supply of jobs increases more than the demand for jobs.
• C) The demand for labour increases faster than the supply of labour.
• D) The supply of labour increases and the demand for labour decreases.

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Definitions:

Election of 1860

The 19th presidential election in the United States, resulting in Abraham Lincoln's victory, which precipitated the American Civil War.

Geographic Area

A specific part of the Earth's surface defined by natural or artificial boundaries.

Four Candidates

Refers to a situation in an election where there are four principal individuals vying for the same position, often leading to a split vote.

Lincoln's Platform

The political policies and beliefs advocated by Abraham Lincoln, notably his stance against the expansion of slavery, which played a significant role in the American Civil War.