Which of the following is likely to cause an increase in both the wage rate and the level of employment in an industry?

Question

Quizplus · Accepted Answer

A rightward shift in the demand curve for labor, without any change in the supply curve of labor will result in both an increase in the wage rate and the level of employment in the industry. The increase in demand for labor means that firms are willing to pay a higher wage to attract more workers, leading to an increase in employment.

Which of the Following Is Likely to Cause an Increase