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

question 92

Multiple Choice

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

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

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Definitions:

Continental Collision

The process where two continental plates collide, leading to the formation of mountain ranges.

Thickness of Continental Crust

The measurement of how thick the layer of rocks and sediments making up the continents is, varying from 20 to 70 kilometers.

Magmas

Molten rock stored beneath the Earth's surface, which may cool to form igneous rock or erupt as lava during volcanic activities.

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An ancient delta located in what is now the northeastern United States, known for its rich sediments that tell a story of Earth’s geological past.