If both the demand for labor and the supply of labor increase,then the equilibrium wage rate ________ and the equilibrium quantity of labor ________.
A) rises; increases
B) might rise, fall, or not change; increases
C) rises; might increase, decrease, or not change
D) falls; increases
E) falls; decreases
Correct Answer:
Verified
Q89: Q90: If a union restricts the supply of Q91: When more people remain in school for Q92: Unions _ free trade and _ a Q93: According to a recent prediction in The Q95: What is the effect on the supply Q96: A surplus of workers occurs Q97: If a union is able to organize Q98: If the supply of labor increases,then the Q99: 
A) when the
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