Multiple Choice
Assume that the labor market is in equilibrium. An increase in the availability of public transportation would shift labor __________ the equilibrium wage and _____ the amount of labor employed.
A) demand to the right, increasing; increasing
B) supply to the right, decreasing; increasing
C) demand to the left, decreasing; decreasing
D) supply to the left, increasing; decreasing
Correct Answer:
Verified
Correct Answer:
Verified
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