Multiple Choice
Figure: Equilibrium in the Labor Market
(Figure: Equilibrium in the Labor Market) In the figure Equilibrium in the Labor Market, an increase in the productivity of labor, when everything else stays the same, will lead to a(n) in the
Equilibrium quantity of labor and a(n) in the equilibrium price of labor.
A) decrease; increase
B) increase; decrease
C) decrease; decrease
D) increase; increase
Correct Answer:
Verified
Correct Answer:
Verified
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