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Begonia Begonia
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Posts: 464
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5 years ago

Question 1.

In situations where new technologies are considered substitutes for workers, demand for these workers will ________, resulting in ________ in the equilibrium wage.

• increase; a decrease

• increase; an increase

• decrease; a decrease

• decrease; an increase

Question 2.

If the labor supply is unchanged, an increase in the demand for labor will

• increase the equilibrium wage and decrease the number of workers employed.

• increase the equilibrium wage and increase the quantity of jobs demanded.

• decrease the equilibrium wage and increase the number of workers employed.

• increase the equilibrium wage and increase the number of workers employed.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
Read 63 times
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Answer verified by a subject expert
kirakira15kirakira15
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Posts: 373
5 years ago
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Begonia Author
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5 years ago
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