Multiple Choice
Which of the following summarises the impact of population growth on the labour market?
A) This will increase the labour supply, reduce the equilibrium wage and increase the quantity of labour demanded.
B) There will be an increase in the demand for labour.As a result, the wage rate will rise and the quantity of workers supplied will decrease.
C) There will be an increase in the demand for jobs.This will result in an increase in the equilibrium wage rate and a movement along the labour supply curve.
D) There will be an increase in both the demand for labour and the supply of labour.As a result, the equilibrium wage will not change.
Correct Answer:

Verified
Correct Answer:
Verified
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