An increase in labor demand accompanied by a decline in labor supply cannot result in a decline in wages.

Name: An increase in labor demand accompanied by a decline in labor supply cannot result in a decline in wages.
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An increase in labor demand means that employers are willing to pay more for labor, while a decline in labor supply means that fewer people are available to work. This will result in an increase in wages, not a decline.

An Increase in Labor Demand Accompanied by a Decline in Labor