Consider the Labor Market for Heath Care Workers

Multiple Choice

Consider the labor market for heath care workers. Because of the aging population in the United States, the output price for health care services has increased. Holding all else equal, in the labor market for health care employees the equilibrium wage

A) increases, and the equilibrium quantity of labor increases.
B) increases, and the equilibrium quantity of labor decreases.
C) decreases, and the equilibrium quantity of labor increases.
D) decreases, and the equilibrium quantity of labor decreases.