Multiple Choice
If the labor market is in equilibrium and then the labor supply curve shifts rightward,
A) the equilibrium wage rate will rise.
B) there will be a surplus of labor at the original equilibrium wage rate.
C) there will be a surplus of jobs at the new equilibrium.
D) there will be a shortage of labor at the original equilibrium wage rate.
Correct Answer:
Verified
Correct Answer:
Verified
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