If at a Particular Wage Rate in a Competitive Labour

Multiple Choice

If at a particular wage rate in a competitive labour market the quantity demanded of labour is less than quantity supplied of labour,then

A) some workers will begin to accept lower wages and induce employers to hire more workers.
B) there will be a shortage of labour,thereby increasing the equilibrium wage rate.
C) the demand curve for labour will shift to the right.
D) the supply curve for labour will shift to the right.
E) a black market for labour will form,with firms offering workers very high wages.