All else equal, if the demand for labor increases and the supply of labor does not change, the equilibrium real wage will and the equilibrium quantity of labor will .
A. Increase; not change
B. Decrease; decrease
C. Not change; increase
D. Increase; increase

Question

24-06-2024
Business

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All else equal, if the demand for labor increases and the supply of labor does not change, the equilibrium real wage will and the equilibrium quantity of labor will .
A. Increase; not change
B. Decrease; decrease
C. Not change; increase
D. Increase; increase

Sagot :

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