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Shifts in Labor Supply
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Problem 10
Shifts in Labor Supply
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15. Markets for the Factors of Production / Shifts in Labor Supply / Problem 10
Problem 10
What happens to the equilibrium wage and quantity of labor if the labor supply curve shifts to the right?
A
Equilibrium wage increases, and equilibrium quantity decreases.
B
Both equilibrium wage and quantity increase.
C
Equilibrium wage decreases, and equilibrium quantity increases.
D
Both equilibrium wage and quantity decrease.
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