Explain how the following would affect the equilibrium wage and quantity of labor in the labor market.
a. a decrease in the price of the output made by labor
b. an increase in legal immigration
c. an increase in the amount of capital used by firms

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The Answer of Explain how the following would affect the equilibrium wage and quantity of labor in the labor market.
a. a decrease in the price of the output made by labor
b. an increase in legal immigration
c. an increase in the amount of capital used by firms

Explain How the Following Would Affect the Equilibrium Wage and Quantity