The equilibrium quantity of labor decreases and the equilibrium wage increases when:
A. labor supply shifts to the left, if wages are flexible.
B. labor demand shifts to the left, if wages are flexible.
C. labor demand shifts to the right, if wages are flexible.
D. labor supply shifts to the right, if wages are flexible,
Answer:A
The equilibrium quantity of labor decreases and the equilibrium wage increases when:
A. labor supply shifts to the left, if wages are flexible. B. labor demand shifts to the left, if wages are flexible. C. labor demand shifts to the right, if wages are flexible. D. labor supply shifts to the right, if wages are flexible,