What will happen in the market for nurses in the United States if capital equipment replaces nurse labor to monitor vital statistics on patients in hospitals?
A) Labor demand will decrease, resulting in lower wages and fewer hours of employment for nurses.
B) Labor demand will increase, resulting in higher wages and more hours of employment for nurses.
C) Labor supply will decrease, resulting in higher wages and fewer hours of employment for nurses.
D) Labor supply will increase, resulting in lower wages and more hours of employment for nurses.
Correct Answer:
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