Figure: Equilibrium in the Labor Market (Figure: Equilibrium in the Labor Market) In the figure Equilibrium in the Labor Market, a decrease in population that decreases the number of workers, when everything else stays the same, will lead to a(n) ________ in the equilibrium quantity of labor and a(n) in the equilibrium price of
Labor.

Question

Figure: Equilibrium in the Labor Market  (Figure: Equilibrium in the Labor Market) In the figure Equilibrium in the Labor Market, a decrease in population that decreases the number of workers, when everything else stays the same, will lead to a(n) ________ in the equilibrium quantity of labor and a(n) in the equilibrium price of
Labor.

Quizplus · Accepted Answer

The Answer of Figure: Equilibrium in the Labor Market  (Figure: Equilibrium in the Labor Market) In the figure Equilibrium in the Labor Market, a decrease in population that decreases the number of workers, when everything else stays the same, will lead to a(n) ________ in the equilibrium quantity of labor and a(n) in the equilibrium price of
Labor.