Which of the Following Would Cause an Increase in the Equilibrium

question 69

Multiple Choice

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

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

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Definitions:

Reacting

The process of responding or adjusting to stimuli, events, or actions, often implying a spontaneous or immediate response without prior planning.

Crisis Phase

A critical period during which decisive action is required to manage and resolve a threatening situation to an organization or society.

Normal Operations

The standard, day-to-day activities required to keep a business or organization functioning effectively.

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