what-happens-to-the-equilibrium-wage-and-quantity-of-labor-if-the-labor-supply-c

Question

What happens to the equilibrium wage and quantity of labor if the labor supply curve shifts to the right?

Accepted Answer

Equilibrium wage decreases, and equilibrium quantity increases.

Answer

Equilibrium wage increases, and equilibrium quantity decreases.

Answer

Both equilibrium wage and quantity increase.

Answer

Both equilibrium wage and quantity decrease.