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

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

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

Edition: 7^th

Authors: Hubbard, O'Brien

Read 71 times

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