If the demand for labour is unchanged, population growth will increase the supply of labour and increase the equilibrium wage.

Name: If the demand for labour is unchanged, population growth will increase the supply of labour and increase the equilibrium wage.
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Question

Quizplus · Accepted Answer

If the demand for labor is unchanged, an increase in the supply of labor will result in a surplus of labor, causing downward pressure on the wage rate. Therefore, the equilibrium wage will not increase.

If the Demand for Labour Is Unchanged, Population Growth Will