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

question 24

Multiple Choice

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

• A)increase the equilibrium wage and decrease the number of workers employed.
• B)increase the equilibrium wage and increase the quantity of jobs demanded.
• C)decrease the equilibrium wage and increase the number of workers employed.
• D)increase the equilibrium wage and increase the number of workers employed.

---

Definitions:

Prefrontal Cortex

A region of the frontal lobe of the brain implicated in a variety of complex behaviors, including planning, decision making, and moderating social behaviour.

Alarm

Alarm is a sudden fear or distressing suspense caused by an awareness of danger; it is a signal or warning of a potential threat.

Brainstem

The part of the brain that connects the cerebrum with the spinal cord and controls vital functions such as breathing, heart rate, and blood pressure.

Breathing

The physiological process of inhaling oxygen and exhaling carbon dioxide, crucial for respiratory gas exchange.