If Both the Demand for Labor and the Supply of Labor

question 69

Multiple Choice

If both the demand for labor and the supply of labor increase,then the equilibrium wage rate ________ and the equilibrium quantity of labor ________.

• A) rises; increases
• B) might rise, fall, or not change; increases
• C) rises; might increase, decrease, or not change
• D) falls; increases
• E) falls; decreases

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