Multiple Choice
Use the following to answer questions:
Figure: Equilibrium in the Labor Market 
-(Figure: Equilibrium in the Labor Market) In the figure Equilibrium in the Labor Market, a decrease in population that decreases the number of workers, 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) increase; increase
B) decrease; increase
C) increase; decrease
D) decrease; decrease
Correct Answer:
Verified
Correct Answer:
Verified
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